Gas Plus Balance Sheet Health
Financial Health criteria checks 4/6
Gas Plus has a total shareholder equity of €227.2M and total debt of €56.1M, which brings its debt-to-equity ratio to 24.7%. Its total assets and total liabilities are €502.5M and €275.3M respectively. Gas Plus's EBIT is €29.9M making its interest coverage ratio 8.6. It has cash and short-term investments of €29.3M.
Key information
24.7%
Debt to equity ratio
€56.10m
Debt
| Interest coverage ratio | 8.6x |
| Cash | €29.31m |
| Equity | €227.20m |
| Total liabilities | €275.27m |
| Total assets | €502.47m |
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 (€75.5M) do not cover its short term liabilities (€98.4M).
Long Term Liabilities: GSP's short term assets (€75.5M) do not cover its long term liabilities (€176.9M).
Debt to Equity History and Analysis
Debt Level: GSP's net debt to equity ratio (11.8%) is considered satisfactory.
Reducing Debt: GSP's debt to equity ratio has reduced from 33.3% to 24.7% over the past 5 years.
Debt Coverage: GSP's debt is well covered by operating cash flow (54.1%).
Interest Coverage: GSP's interest payments on its debt are well covered by EBIT (8.6x coverage).