GSK Balance Sheet Health
Financial Health criteria checks 3/6
GSK has a total shareholder equity of £13.8B and total debt of £16.9B, which brings its debt-to-equity ratio to 123%. Its total assets and total liabilities are £58.1B and £44.3B respectively. GSK's EBIT is £9.0B making its interest coverage ratio 16. It has cash and short-term investments of £3.0B.
Key information
123.0%
Debt to equity ratio
UK£16.94b
Debt
| Interest coverage ratio | 16x |
| Cash | UK£2.98b |
| Equity | UK£13.77b |
| Total liabilities | UK£44.30b |
| Total assets | UK£58.07b |
Recent financial health updates
Does GSK (LON:GSK) Have A Healthy Balance Sheet?
Sep 01
These 4 Measures Indicate That GSK (LON:GSK) Is Using Debt Reasonably Well
Apr 19Recent updates
Does GSK (LON:GSK) Have A Healthy Balance Sheet?
Sep 01GSK (LON:GSK) Is Paying Out A Dividend Of £0.15
Aug 05GSK (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 07Financial Position Analysis
Short Term Liabilities: GSK's short term assets (£16.8B) do not cover its short term liabilities (£20.3B).
Long Term Liabilities: GSK's short term assets (£16.8B) do not cover its long term liabilities (£24.0B).
Debt to Equity History and Analysis
Debt Level: GSK's net debt to equity ratio (101.4%) is considered high.
Reducing Debt: GSK's debt to equity ratio has reduced from 1127.7% to 123% over the past 5 years.
Debt Coverage: GSK's debt is well covered by operating cash flow (44.1%).
Interest Coverage: GSK's interest payments on its debt are well covered by EBIT (16x coverage).