Gas Plus Balance Sheet Health
Financial Health criteria checks 3/6
Gas Plus has a total shareholder equity of €229.0M and total debt of €68.4M, which brings its debt-to-equity ratio to 29.9%. Its total assets and total liabilities are €513.9M and €285.0M respectively. Gas Plus's EBIT is €47.0M making its interest coverage ratio 14.1. It has cash and short-term investments of €21.6M.
Key information
29.9%
Debt to equity ratio
€68.42m
Debt
| Interest coverage ratio | 14.1x |
| Cash | €21.55m |
| Equity | €228.96m |
| Total liabilities | €284.97m |
| Total assets | €513.92m |
Recent financial health updates
Is Gas Plus (BIT:GSP) Weighed On By Its Debt Load?
Jun 11
These 4 Measures Indicate That Gas Plus (BIT:GSP) Is Using Debt In A Risky Way
Nov 29Is Gas Plus (BIT:GSP) Using Debt Sensibly?
Apr 30Recent updates
Is Gas Plus (BIT:GSP) Weighed On By Its Debt Load?
Jun 11These 4 Measures Indicate That Gas Plus (BIT:GSP) Is Using Debt In A Risky Way
Nov 29Gas Plus' (BIT:GSP) Returns On Capital Tell Us There Is Reason To Feel Uneasy
Oct 11Is Gas Plus (BIT:GSP) Using Debt Sensibly?
Apr 30How Much Did Gas Plus'(BIT:GSP) Shareholders Earn From Share Price Movements Over The Last Five Years?
Dec 21
Financial Position Analysis
Short Term Liabilities: GSP's short term assets (€80.5M) do not cover its short term liabilities (€105.2M).
Long Term Liabilities: GSP's short term assets (€80.5M) do not cover its long term liabilities (€179.8M).
Debt to Equity History and Analysis
Debt Level: GSP's net debt to equity ratio (20.5%) is considered satisfactory.
Reducing Debt: GSP's debt to equity ratio has increased from 27.5% to 29.9% over the past 5 years.
Debt Coverage: GSP's debt is well covered by operating cash flow (28.1%).
Interest Coverage: GSP's interest payments on its debt are well covered by EBIT (14.1x coverage).