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 ratio14.1x
Cash€21.55m
Equity€228.96m
Total liabilities€284.97m
Total assets€513.92m

Recent financial health updates

Recent updates

Is Gas Plus (BIT:GSP) Weighed On By Its Debt Load?

Jun 11
Is Gas Plus (BIT:GSP) Weighed On By Its Debt Load?

These 4 Measures Indicate That Gas Plus (BIT:GSP) Is Using Debt In A Risky Way

Nov 29
These 4 Measures Indicate That Gas Plus (BIT:GSP) Is Using Debt In A Risky Way

Gas Plus' (BIT:GSP) Returns On Capital Tell Us There Is Reason To Feel Uneasy

Oct 11
Gas Plus' (BIT:GSP) Returns On Capital Tell Us There Is Reason To Feel Uneasy

Is Gas Plus (BIT:GSP) Using Debt Sensibly?

Apr 30
Is Gas Plus (BIT:GSP) Using Debt Sensibly?

How Much Did Gas Plus'(BIT:GSP) Shareholders Earn From Share Price Movements Over The Last Five Years?

Dec 21
How Much Did Gas Plus'(BIT:GSP) Shareholders Earn From Share Price Movements Over The Last Five Years?

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).


Balance Sheet


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