Gofore Oyj Balance Sheet Health
Financial Health criteria checks 6/6
Gofore Oyj has a total shareholder equity of €84.1M and total debt of €15.7M, which brings its debt-to-equity ratio to 18.6%. Its total assets and total liabilities are €145.1M and €61.0M respectively. Gofore Oyj's EBIT is €21.5M making its interest coverage ratio 47.4. It has cash and short-term investments of €41.5M.
Key information
18.6%
Debt to equity ratio
€15.65m
Debt
| Interest coverage ratio | 47.4x |
| Cash | €41.46m |
| Equity | €84.09m |
| Total liabilities | €60.98m |
| Total assets | €145.07m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GOFORH's short term assets (€71.6M) exceed its short term liabilities (€41.9M).
Long Term Liabilities: GOFORH's short term assets (€71.6M) exceed its long term liabilities (€19.0M).
Debt to Equity History and Analysis
Debt Level: GOFORH has more cash than its total debt.
Reducing Debt: GOFORH's debt to equity ratio has reduced from 22.6% to 18.6% over the past 5 years.
Debt Coverage: GOFORH's debt is well covered by operating cash flow (144.5%).
Interest Coverage: GOFORH's interest payments on its debt are well covered by EBIT (47.4x coverage).