Goodtech Balance Sheet Health
Financial Health criteria checks 6/6
Goodtech has a total shareholder equity of NOK286.6M and total debt of NOK35.0M, which brings its debt-to-equity ratio to 12.2%. Its total assets and total liabilities are NOK572.0M and NOK285.4M respectively. Goodtech's EBIT is NOK28.0M making its interest coverage ratio -11.2. It has cash and short-term investments of NOK101.8M.
Key information
12.2%
Debt to equity ratio
NOK 35.00m
Debt
| Interest coverage ratio | -11.2x |
| Cash | NOK 101.80m |
| Equity | NOK 286.60m |
| Total liabilities | NOK 285.40m |
| Total assets | NOK 572.00m |
Recent financial health updates
Goodtech (OB:GOD) Has A Pretty Healthy Balance Sheet
Jul 20
Here's Why Goodtech (OB:GOD) Can Manage Its Debt Responsibly
Feb 24We Think Goodtech (OB:GOD) Is Taking Some Risk With Its Debt
Oct 06Goodtech (OB:GOD) Has A Pretty Healthy Balance Sheet
Apr 28Goodtech (OB:GOD) Has Debt But No Earnings; Should You Worry?
May 17Goodtech (OB:GOD) Has A Pretty Healthy Balance Sheet
Feb 28Recent updates
Goodtech (OB:GOD) Has A Pretty Healthy Balance Sheet
Jul 20Returns On Capital Are Showing Encouraging Signs At Goodtech (OB:GOD)
Apr 11Here's Why Goodtech (OB:GOD) Can Manage Its Debt Responsibly
Feb 24We Think Goodtech (OB:GOD) Is Taking Some Risk With Its Debt
Oct 06Returns At Goodtech (OB:GOD) Are On The Way Up
Jun 13Goodtech (OB:GOD) Has A Pretty Healthy Balance Sheet
Apr 28The Return Trends At Goodtech (OB:GOD) Look Promising
Feb 27Goodtech (OB:GOD) Has Debt But No Earnings; Should You Worry?
May 17We Like These Underlying Return On Capital Trends At Goodtech (OB:GOD)
Jun 14Goodtech ASA (OB:GOD) On The Verge Of Breaking Even
May 09What Is Goodtech ASA's (OB:GOD) Share Price Doing?
Apr 05Goodtech (OB:GOD) Has A Pretty Healthy Balance Sheet
Feb 28Financial Position Analysis
Short Term Liabilities: GOD's short term assets (NOK286.2M) exceed its short term liabilities (NOK249.1M).
Long Term Liabilities: GOD's short term assets (NOK286.2M) exceed its long term liabilities (NOK36.3M).
Debt to Equity History and Analysis
Debt Level: GOD has more cash than its total debt.
Reducing Debt: GOD's debt to equity ratio has reduced from 15.4% to 12.2% over the past 5 years.
Debt Coverage: GOD's debt is well covered by operating cash flow (176.6%).
Interest Coverage: GOD earns more interest than it pays, so coverage of interest payments is not a concern.