Garrett Motion Balance Sheet Health
Financial Health criteria checks 2/6
Garrett Motion has a total shareholder equity of $-735.0M and total debt of $1.7B, which brings its debt-to-equity ratio to -224.9%. Its total assets and total liabilities are $2.5B and $3.3B respectively. Garrett Motion's EBIT is $516.0M making its interest coverage ratio 3.4. It has cash and short-term investments of $259.0M.
Key information
-224.9%
Debt to equity ratio
US$1.65b
Debt
Interest coverage ratio | 3.4x |
Cash | US$259.00m |
Equity | -US$735.00m |
Total liabilities | US$3.26b |
Total assets | US$2.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GTX * has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: GTX * has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: GTX * has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: GTX *'s has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: GTX *'s debt is well covered by operating cash flow (28.1%).
Interest Coverage: GTX *'s interest payments on its debt are well covered by EBIT (3.4x coverage).