GSK Balance Sheet Health
Financial Health criteria checks 3/6
GSK has a total shareholder equity of £13.2B and total debt of £17.8B, which brings its debt-to-equity ratio to 134.3%. Its total assets and total liabilities are £58.5B and £45.3B respectively. GSK's EBIT is £8.7B making its interest coverage ratio 15.5. It has cash and short-term investments of £4.1B.
Key information
134.3%
Debt to equity ratio
UK£17.77b
Debt
| Interest coverage ratio | 15.5x |
| Cash | UK£4.10b |
| Equity | UK£13.23b |
| Total liabilities | UK£45.28b |
| Total assets | UK£58.51b |
Recent financial health updates
These 4 Measures Indicate That GSK (LON:GSK) Is Using Debt Reasonably Well
Apr 19
We Think GSK (LON:GSK) Can Stay On Top Of Its Debt
Jan 17Is GSK (LON:GSK) A Risky Investment?
Oct 04Recent updates
GSK (LON:GSK) Will Pay A Dividend Of £0.15
May 05We Think Shareholders Are Less Likely To Approve A Large Pay Rise For GSK plc's (LON:GSK) CEO For Now
May 02These 4 Measures Indicate That GSK (LON:GSK) Is Using Debt Reasonably Well
Apr 19GSK's (LON:GSK) Solid Earnings Are Supported By Other Strong Factors
Feb 07We Think GSK (LON:GSK) Can Stay On Top Of Its Debt
Jan 17Insufficient Growth At GSK plc (LON:GSK) Hampers Share Price
Dec 27GSK (LON:GSK) Has Announced A Dividend Of £0.14
Nov 04Is GSK (LON:GSK) A Risky Investment?
Oct 04Financial Position Analysis
Short Term Liabilities: GSK's short term assets (£17.2B) do not cover its short term liabilities (£19.8B).
Long Term Liabilities: GSK's short term assets (£17.2B) do not cover its long term liabilities (£25.4B).
Debt to Equity History and Analysis
Debt Level: GSK's net debt to equity ratio (103.4%) is considered high.
Reducing Debt: GSK's debt to equity ratio has reduced from 942.1% to 134.3% over the past 5 years.
Debt Coverage: GSK's debt is well covered by operating cash flow (43.2%).
Interest Coverage: GSK's interest payments on its debt are well covered by EBIT (15.5x coverage).