Good Energy Group Balance Sheet Health
Financial Health criteria checks 6/6
Good Energy Group has a total shareholder equity of £42.0M and total debt of £4.9M, which brings its debt-to-equity ratio to 11.8%. Its total assets and total liabilities are £111.9M and £69.9M respectively. Good Energy Group's EBIT is £7.8M making its interest coverage ratio -13.5. It has cash and short-term investments of £41.3M.
Key information
11.8%
Debt to equity ratio
UK£4.94m
Debt
Interest coverage ratio | -13.5x |
Cash | UK£41.35m |
Equity | UK£42.01m |
Total liabilities | UK£69.92m |
Total assets | UK£111.93m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: G0J's short term assets (£94.1M) exceed its short term liabilities (£69.0M).
Long Term Liabilities: G0J's short term assets (£94.1M) exceed its long term liabilities (£961.0K).
Debt to Equity History and Analysis
Debt Level: G0J has more cash than its total debt.
Reducing Debt: G0J's debt to equity ratio has reduced from 322.6% to 11.8% over the past 5 years.
Debt Coverage: G0J's debt is well covered by operating cash flow (409.7%).
Interest Coverage: G0J earns more interest than it pays, so coverage of interest payments is not a concern.