Gofore Oyj Balance Sheet Health
Financial Health criteria checks 6/6
Gofore Oyj has a total shareholder equity of €99.6M and total debt of €13.1M, which brings its debt-to-equity ratio to 13.1%. Its total assets and total liabilities are €173.2M and €73.6M respectively. Gofore Oyj's EBIT is €20.9M making its interest coverage ratio 38.6. It has cash and short-term investments of €45.4M.
Key information
13.1%
Debt to equity ratio
€13.09m
Debt
| Interest coverage ratio | 38.6x |
| Cash | €45.41m |
| Equity | €99.58m |
| Total liabilities | €73.59m |
| Total assets | €173.17m |
Recent financial health updates
Recent updates
We Think Shareholders May Consider Being More Generous With Gofore Oyj's (HEL:GOFORE) CEO Compensation Package
Mar 29
Gofore Oyj (HEL:GOFORE) Is Increasing Its Dividend To €0.47
Mar 12Gofore Oyj (HEL:GOFORE) Has Announced That It Will Be Increasing Its Dividend To €0.47
Feb 24Is There An Opportunity With Gofore Oyj's (HEL:GOFORE) 22% Undervaluation?
Jul 21One Gofore Oyj (HEL:GOFORE) Analyst Just Lifted Their Revenue Forecasts By A Notable 12%
Jan 18Upgrade: Analysts Just Made A Sizeable Increase To Their Gofore Oyj (HEL:GOFORE) Forecasts
Mar 02Earnings Miss: Gofore Oyj Missed EPS By 17% And Analysts Are Revising Their Forecasts
Aug 17I Ran A Stock Scan For Earnings Growth And Gofore Oyj (HEL:GOFORE) Passed With Ease
Jun 10Gofore Oyj (HEL:GOFORE) Is Yielding 1.2% - But Is It A Buy?
Apr 29Does Gofore Oyj (HEL:GOFORE) Have A Healthy Balance Sheet?
Mar 23Will Gofore Oyj (HEL:GOFORE) Multiply In Value Going Forward?
Mar 08We Think Gofore Oyj's (HEL:GOFORE) Statutory Profit Might Understate Its Earnings Potential
Feb 14
Gofore Oyj's (HEL:GOFORE) Stock Is Going Strong: Is the Market Following Fundamentals?
Dec 30Announcing: Gofore Oyj (HEL:GOFORE) Stock Increased An Energizing 106% In The Last Three Years
Dec 15What Type Of Shareholders Own The Most Number of Gofore Oyj (HEL:GOFORE) Shares?
Nov 30Financial Position Analysis
Short Term Liabilities: GOFORE's short term assets (€86.7M) exceed its short term liabilities (€49.5M).
Long Term Liabilities: GOFORE's short term assets (€86.7M) exceed its long term liabilities (€24.1M).
Debt to Equity History and Analysis
Debt Level: GOFORE has more cash than its total debt.
Reducing Debt: GOFORE's debt to equity ratio has reduced from 22% to 13.1% over the past 5 years.
Debt Coverage: GOFORE's debt is well covered by operating cash flow (185.8%).
Interest Coverage: GOFORE's interest payments on its debt are well covered by EBIT (38.6x coverage).