GetBusy Balance Sheet Health
Financial Health criteria checks 1/6
GetBusy has a total shareholder equity of £-3.0M and total debt of £750.0K, which brings its debt-to-equity ratio to -25.3%. Its total assets and total liabilities are £9.4M and £12.3M respectively. GetBusy's EBIT is £401.0K making its interest coverage ratio 2.9. It has cash and short-term investments of £928.0K.
Key information
-25.3%
Debt to equity ratio
UK£750.00k
Debt
| Interest coverage ratio | 2.9x |
| Cash | UK£928.00k |
| Equity | -UK£2.97m |
| Total liabilities | UK£12.32m |
| Total assets | UK£9.35m |
Financial Position Analysis
Short Term Liabilities: GETB has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: GETB has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: GETB has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: GETB's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: GETB's debt is well covered by operating cash flow (119.7%).
Interest Coverage: GETB's interest payments on its debt are not well covered by EBIT (2.9x coverage).