G.M. Leather Balance Sheet Health
Financial Health criteria checks 2/6
G.M. Leather has a total shareholder equity of €13.5M and total debt of €27.6M, which brings its debt-to-equity ratio to 205.2%. Its total assets and total liabilities are €54.3M and €40.8M respectively. G.M. Leather's EBIT is €3.9M making its interest coverage ratio 2.5. It has cash and short-term investments of €1.9M.
Key information
205.2%
Debt to equity ratio
€27.61m
Debt
Interest coverage ratio | 2.5x |
Cash | €1.92m |
Equity | €13.46m |
Total liabilities | €40.80m |
Total assets | €54.25m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: GML's short term assets (€42.6M) exceed its short term liabilities (€27.3M).
Long Term Liabilities: GML's short term assets (€42.6M) exceed its long term liabilities (€13.5M).
Debt to Equity History and Analysis
Debt Level: GML's net debt to equity ratio (190.9%) is considered high.
Reducing Debt: Insufficient data to determine if GML's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: GML's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: GML's interest payments on its debt are not well covered by EBIT (2.5x coverage).