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Great Eastern Energy Balance Sheet Health
Financial Health criteria checks 2/6
Great Eastern Energy has a total shareholder equity of $83.8M and total debt of $43.8M, which brings its debt-to-equity ratio to 52.2%. Its total assets and total liabilities are $133.5M and $49.7M respectively. Great Eastern Energy's EBIT is $5.2M making its interest coverage ratio 1.1. It has cash and short-term investments of $6.2M.
Key information
52.2%
Debt to equity ratio
US$43.76m
Debt
| Interest coverage ratio | 1.1x |
| Cash | US$6.24m |
| Equity | US$83.76m |
| Total liabilities | US$49.75m |
| Total assets | US$133.51m |
Recent financial health updates
These 4 Measures Indicate That Great Eastern Energy (LON:GEEC) Is Using Debt Extensively
Feb 03
Is Great Eastern Energy (LON:GEEC) A Risky Investment?
Jul 10Does Great Eastern Energy (LON:GEEC) Have A Healthy Balance Sheet?
Jan 05Is Great Eastern Energy (LON:GEEC) Using Too Much Debt?
Sep 22Great Eastern Energy (LON:GEEC) Has A Somewhat Strained Balance Sheet
Jan 01Recent updates
The Returns On Capital At Great Eastern Energy (LON:GEEC) Don't Inspire Confidence
Mar 21These 4 Measures Indicate That Great Eastern Energy (LON:GEEC) Is Using Debt Extensively
Feb 03Is Great Eastern Energy (LON:GEEC) A Risky Investment?
Jul 10Great Eastern Energy (LON:GEEC) Is Experiencing Growth In Returns On Capital
May 05Does Great Eastern Energy (LON:GEEC) Have A Healthy Balance Sheet?
Jan 05Returns Are Gaining Momentum At Great Eastern Energy (LON:GEEC)
Nov 14Is Great Eastern Energy (LON:GEEC) Using Too Much Debt?
Sep 22Be Wary Of Great Eastern Energy (LON:GEEC) And Its Returns On Capital
May 19Have Insiders Been Buying Great Eastern Energy Corporation Limited (LON:GEEC) Shares?
Mar 16Does Great Eastern Energy's (LON:GEEC) Returns On Capital Reflect Well On The Business?
Feb 18
Are Great Eastern Energy's (LON:GEEC) Statutory Earnings A Good Guide To Its Underlying Profitability?
Jan 22Great Eastern Energy (LON:GEEC) Has A Somewhat Strained Balance Sheet
Jan 01Read This Before Selling Great Eastern Energy Corporation Limited (LON:GEEC) Shares
Dec 11The Returns At Great Eastern Energy (LON:GEEC) Provide Us With Signs Of What's To Come
Nov 20Financial Position Analysis
Short Term Liabilities: GEEC's short term assets ($8.8M) do not cover its short term liabilities ($10.3M).
Long Term Liabilities: GEEC's short term assets ($8.8M) do not cover its long term liabilities ($39.4M).
Debt to Equity History and Analysis
Debt Level: GEEC's net debt to equity ratio (44.8%) is considered high.
Reducing Debt: GEEC's debt to equity ratio has reduced from 118.6% to 52.2% over the past 5 years.
Debt Coverage: GEEC's debt is well covered by operating cash flow (27.3%).
Interest Coverage: GEEC's interest payments on its debt are not well covered by EBIT (1.1x coverage).