Gofore Oyj Balance Sheet Health
Financial Health criteria checks 6/6
Gofore Oyj has a total shareholder equity of €99.6M and total debt of €13.1M, which brings its debt-to-equity ratio to 13.1%. Its total assets and total liabilities are €173.2M and €73.6M respectively. Gofore Oyj's EBIT is €20.9M making its interest coverage ratio 38.6. It has cash and short-term investments of €45.4M.
Key information
13.1%
Debt to equity ratio
€13.09m
Debt
Interest coverage ratio | 38.6x |
Cash | €45.41m |
Equity | €99.58m |
Total liabilities | €73.59m |
Total assets | €173.17m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0CXS's short term assets (€86.7M) exceed its short term liabilities (€49.5M).
Long Term Liabilities: 0CXS's short term assets (€86.7M) exceed its long term liabilities (€24.1M).
Debt to Equity History and Analysis
Debt Level: 0CXS has more cash than its total debt.
Reducing Debt: 0CXS's debt to equity ratio has reduced from 22% to 13.1% over the past 5 years.
Debt Coverage: 0CXS's debt is well covered by operating cash flow (185.8%).
Interest Coverage: 0CXS's interest payments on its debt are well covered by EBIT (38.6x coverage).