Gaming Innovation Group Balance Sheet Health
Financial Health criteria checks 5/6
Gaming Innovation Group has a total shareholder equity of €95.9M and total debt of €73.3M, which brings its debt-to-equity ratio to 76.4%. Its total assets and total liabilities are €265.7M and €169.8M respectively. Gaming Innovation Group's EBIT is €32.8M making its interest coverage ratio 5.1. It has cash and short-term investments of €5.9M.
Key information
76.4%
Debt to equity ratio
€73.27m
Debt
Interest coverage ratio | 5.1x |
Cash | €5.90m |
Equity | €95.88m |
Total liabilities | €169.82m |
Total assets | €265.70m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GIGO's short term assets (€156.7M) exceed its short term liabilities (€71.2M).
Long Term Liabilities: GIGO's short term assets (€156.7M) exceed its long term liabilities (€98.6M).
Debt to Equity History and Analysis
Debt Level: GIGO's net debt to equity ratio (70.3%) is considered high.
Reducing Debt: GIGO's debt to equity ratio has reduced from 76.7% to 76.4% over the past 5 years.
Debt Coverage: GIGO's debt is well covered by operating cash flow (52.1%).
Interest Coverage: GIGO's interest payments on its debt are well covered by EBIT (5.1x coverage).