Good Energy Group Balance Sheet Health
Financial Health criteria checks 6/6
Good Energy Group has a total shareholder equity of £42.0M and total debt of £4.9M, which brings its debt-to-equity ratio to 11.8%. Its total assets and total liabilities are £111.9M and £69.9M respectively. Good Energy Group's EBIT is £7.8M making its interest coverage ratio -13.5. It has cash and short-term investments of £41.3M.
Key information
11.8%
Debt to equity ratio
UK£4.94m
Debt
| Interest coverage ratio | -13.5x |
| Cash | UK£41.35m |
| Equity | UK£42.01m |
| Total liabilities | UK£69.92m |
| Total assets | UK£111.93m |
Recent financial health updates
Recent updates
Not Many Are Piling Into Good Energy Group PLC (LON:GOOD) Stock Yet As It Plummets 25%
Apr 21
Here's What Analysts Are Forecasting For Good Energy Group PLC (LON:GOOD) After Its Annual Results
Mar 29Good Energy Group PLC's (LON:GOOD) Shares Lagging The Industry But So Is The Business
Jan 26Returns on Capital Paint A Bright Future For Good Energy Group (LON:GOOD)
Dec 02Good Energy Group (LON:GOOD) Has A Rock Solid Balance Sheet
Oct 12Estimating The Fair Value Of Good Energy Group PLC (LON:GOOD)
Apr 03Is Now The Time To Look At Buying Good Energy Group PLC (LON:GOOD)?
Feb 07Estimating The Intrinsic Value Of Good Energy Group PLC (LON:GOOD)
Dec 05
Financial Position Analysis
Short Term Liabilities: GOOD's short term assets (£94.1M) exceed its short term liabilities (£69.0M).
Long Term Liabilities: GOOD's short term assets (£94.1M) exceed its long term liabilities (£961.0K).
Debt to Equity History and Analysis
Debt Level: GOOD has more cash than its total debt.
Reducing Debt: GOOD's debt to equity ratio has reduced from 322.6% to 11.8% over the past 5 years.
Debt Coverage: GOOD's debt is well covered by operating cash flow (409.7%).
Interest Coverage: GOOD earns more interest than it pays, so coverage of interest payments is not a concern.