Gama Aviation Balance Sheet Health
Financial Health criteria checks 3/6
Gama Aviation has a total shareholder equity of $31.6M and total debt of $23.7M, which brings its debt-to-equity ratio to 74.9%. Its total assets and total liabilities are $177.9M and $146.3M respectively. Gama Aviation's EBIT is $7.3M making its interest coverage ratio 1.7. It has cash and short-term investments of $11.6M.
Key information
74.9%
Debt to equity ratio
US$23.69m
Debt
| Interest coverage ratio | 1.7x |
| Cash | US$11.56m |
| Equity | US$31.61m |
| Total liabilities | US$146.28m |
| Total assets | US$177.89m |
Recent financial health updates
These 4 Measures Indicate That Gama Aviation (LON:GMAA) Is Using Debt Extensively
Oct 19
Would Gama Aviation (LON:GMAA) Be Better Off With Less Debt?
Oct 14Gama Aviation (LON:GMAA) Has Debt But No Earnings; Should You Worry?
Oct 23Is Gama Aviation (LON:GMAA) Weighed On By Its Debt Load?
May 29Recent updates
These 4 Measures Indicate That Gama Aviation (LON:GMAA) Is Using Debt Extensively
Oct 19Would Gama Aviation (LON:GMAA) Be Better Off With Less Debt?
Oct 14Gama Aviation (LON:GMAA) Has Debt But No Earnings; Should You Worry?
Oct 23We Think Gama Aviation Plc's (LON:GMAA) CEO Compensation Package Needs To Be Put Under A Microscope
Jun 23Is Gama Aviation (LON:GMAA) Weighed On By Its Debt Load?
May 29Financial Position Analysis
Short Term Liabilities: GMAA's short term assets ($75.3M) do not cover its short term liabilities ($82.4M).
Long Term Liabilities: GMAA's short term assets ($75.3M) exceed its long term liabilities ($63.9M).
Debt to Equity History and Analysis
Debt Level: GMAA's net debt to equity ratio (38.4%) is considered satisfactory.
Reducing Debt: GMAA's debt to equity ratio has increased from 0% to 74.9% over the past 5 years.
Debt Coverage: GMAA's debt is well covered by operating cash flow (115.8%).
Interest Coverage: GMAA's interest payments on its debt are not well covered by EBIT (1.7x coverage).