G.M. Leather Balance Sheet Health
Financial Health criteria checks 2/6
G.M. Leather has a total shareholder equity of €13.7M and total debt of €27.5M, which brings its debt-to-equity ratio to 200.5%. Its total assets and total liabilities are €55.1M and €41.4M respectively. G.M. Leather's EBIT is €3.4M making its interest coverage ratio 1.7. It has cash and short-term investments of €1.7M.
Key information
200.5%
Debt to equity ratio
€27.49m
Debt
| Interest coverage ratio | 1.7x |
| Cash | €1.66m |
| Equity | €13.71m |
| Total liabilities | €41.40m |
| Total assets | €55.10m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: GML's short term assets (€42.4M) exceed its short term liabilities (€29.7M).
Long Term Liabilities: GML's short term assets (€42.4M) exceed its long term liabilities (€11.7M).
Debt to Equity History and Analysis
Debt Level: GML's net debt to equity ratio (188.4%) 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 debt is not well covered by operating cash flow (1%).
Interest Coverage: GML's interest payments on its debt are not well covered by EBIT (1.7x coverage).