Gooch & Housego Balance Sheet Health

Financial Health criteria checks 6/6

Gooch & Housego has a total shareholder equity of £119.7M and total debt of £28.2M, which brings its debt-to-equity ratio to 23.5%. Its total assets and total liabilities are £192.6M and £72.9M respectively. Gooch & Housego's EBIT is £7.6M making its interest coverage ratio 4.3. It has cash and short-term investments of £7.3M.

Key information

23.5%

Debt to equity ratio

UK£28.17m

Debt

Interest coverage ratio4.3x
CashUK£7.29m
EquityUK£119.73m
Total liabilitiesUK£72.88m
Total assetsUK£192.61m

Recent financial health updates

Recent updates

Gooch & Housego PLC's (LON:GHH) Share Price Is Still Matching Investor Opinion Despite 26% Slump

Feb 29
Gooch & Housego PLC's (LON:GHH) Share Price Is Still Matching Investor Opinion Despite 26% Slump

Gooch & Housego's (LON:GHH) Earnings May Just Be The Starting Point

Jan 22
Gooch & Housego's (LON:GHH) Earnings May Just Be The Starting Point

Gooch & Housego (LON:GHH) Has Announced That It Will Be Increasing Its Dividend To £0.048

Jun 09
Gooch & Housego (LON:GHH) Has Announced That It Will Be Increasing Its Dividend To £0.048

Gooch & Housego (LON:GHH) Seems To Use Debt Quite Sensibly

Feb 24
Gooch & Housego (LON:GHH) Seems To Use Debt Quite Sensibly

Gooch & Housego (LON:GHH) Has Announced That It Will Be Increasing Its Dividend To £0.079

Jan 09
Gooch & Housego (LON:GHH) Has Announced That It Will Be Increasing Its Dividend To £0.079

Gooch & Housego (LON:GHH) Is Increasing Its Dividend To £0.079

Dec 09
Gooch & Housego (LON:GHH) Is Increasing Its Dividend To £0.079

Is There Now An Opportunity In Gooch & Housego PLC (LON:GHH)?

May 21
Is There Now An Opportunity In Gooch & Housego PLC (LON:GHH)?

Gooch & Housego (LON:GHH) May Have Issues Allocating Its Capital

Aug 03
Gooch & Housego (LON:GHH) May Have Issues Allocating Its Capital

Be Wary Of Gooch & Housego (LON:GHH) And Its Returns On Capital

May 01
Be Wary Of Gooch & Housego (LON:GHH) And Its Returns On Capital

Is Now An Opportune Moment To Examine Gooch & Housego PLC (LON:GHH)?

Apr 08
Is Now An Opportune Moment To Examine Gooch & Housego PLC (LON:GHH)?

Can Mixed Financials Have A Negative Impact on Gooch & Housego PLC's 's (LON:GHH) Current Price Momentum?

Mar 18
Can Mixed Financials Have A Negative Impact on Gooch & Housego PLC's 's (LON:GHH) Current Price Momentum?

What Do The Returns On Capital At Gooch & Housego (LON:GHH) Tell Us?

Jan 30
What Do The Returns On Capital At Gooch & Housego (LON:GHH) Tell Us?

These 4 Measures Indicate That Gooch & Housego (LON:GHH) Is Using Debt Reasonably Well

Jan 09
These 4 Measures Indicate That Gooch & Housego (LON:GHH) Is Using Debt Reasonably Well

Does Gooch & Housego's (LON:GHH) Statutory Profit Adequately Reflect Its Underlying Profit?

Dec 25
Does Gooch & Housego's (LON:GHH) Statutory Profit Adequately Reflect Its Underlying Profit?

Gooch & Housego PLC (LON:GHH) Stock Is Going Strong But Fundamentals Look Uncertain: What Lies Ahead ?

Dec 10
Gooch & Housego PLC (LON:GHH) Stock Is Going Strong But Fundamentals Look Uncertain: What Lies Ahead ?

Investors Who Bought Gooch & Housego (LON:GHH) Shares Five Years Ago Are Now Up 31%

Nov 19
Investors Who Bought Gooch & Housego (LON:GHH) Shares Five Years Ago Are Now Up 31%

Financial Position Analysis

Short Term Liabilities: GHH's short term assets (£79.0M) exceed its short term liabilities (£23.2M).

Long Term Liabilities: GHH's short term assets (£79.0M) exceed its long term liabilities (£49.7M).


Debt to Equity History and Analysis

Debt Level: GHH's net debt to equity ratio (17.4%) is considered satisfactory.

Reducing Debt: GHH's debt to equity ratio has reduced from 27.5% to 23.5% over the past 5 years.

Debt Coverage: GHH's debt is well covered by operating cash flow (57.4%).

Interest Coverage: GHH's interest payments on its debt are well covered by EBIT (4.3x coverage).


Balance Sheet


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