Gaming Innovation Group Balance Sheet Health
Financial Health criteria checks 4/6
Gaming Innovation Group has a total shareholder equity of €95.4M and total debt of €76.3M, which brings its debt-to-equity ratio to 80%. Its total assets and total liabilities are €280.1M and €184.7M respectively. Gaming Innovation Group's EBIT is €28.7M making its interest coverage ratio 3.8. It has cash and short-term investments of €15.5M.
Key information
80.0%
Debt to equity ratio
€76.26m
Debt
| Interest coverage ratio | 3.8x |
| Cash | €15.49m |
| Equity | €95.38m |
| Total liabilities | €184.75m |
| Total assets | €280.12m |
Recent financial health updates
Gaming Innovation Group (OB:GIG) Has A Pretty Healthy Balance Sheet
Jan 16
Would Gaming Innovation Group (OB:GIG) Be Better Off With Less Debt?
Aug 18Is Gaming Innovation Group (OB:GIG) Using Too Much Debt?
Apr 13Recent updates
Gaming Innovation Group's (OB:GIG) Returns On Capital Are Heading Higher
Nov 12Gaming Innovation Group (OB:GIG) Is Looking To Continue Growing Its Returns On Capital
Mar 12Gaming Innovation Group (OB:GIG) Has A Pretty Healthy Balance Sheet
Jan 16Gaming Innovation Group's (OB:GIG) Performance Is Even Better Than Its Earnings Suggest
Aug 23kr29.22: That's What Analysts Think Gaming Innovation Group Inc. (OB:GIG) Is Worth After Its Latest Results
May 15Gaming Innovation Group Inc.'s (OB:GIG) Intrinsic Value Is Potentially 84% Above Its Share Price
Apr 03Are Investors Undervaluing Gaming Innovation Group Inc. (OB:GIG) By 48%?
Dec 22The Return Trends At Gaming Innovation Group (OB:GIG) Look Promising
Oct 14Would Gaming Innovation Group (OB:GIG) Be Better Off With Less Debt?
Aug 18Is Gaming Innovation Group (OB:GIG) Using Too Much Debt?
Apr 13What Does Gaming Innovation Group Inc.'s (OB:GIG) Share Price Indicate?
Mar 29Are Investors Undervaluing Gaming Innovation Group Inc. (OB:GIG) By 34%?
Mar 12Analysts Are Optimistic We'll See A Profit From Gaming Innovation Group Inc. (OB:GIG)
Feb 24What You Need To Know About Gaming Innovation Group Inc.'s (OB:GIG) Investor Composition
Jan 27
Independent Chairman of the Board Petter Nylander Just Bought 59% More Shares In Gaming Innovation Group Inc. (OB:GIG)
Dec 23Financial Position Analysis
Short Term Liabilities: GIG's short term assets (€170.7M) exceed its short term liabilities (€68.0M).
Long Term Liabilities: GIG's short term assets (€170.7M) exceed its long term liabilities (€116.7M).
Debt to Equity History and Analysis
Debt Level: GIG's net debt to equity ratio (63.7%) is considered high.
Reducing Debt: GIG's debt to equity ratio has increased from 75.8% to 80% over the past 5 years.
Debt Coverage: GIG's debt is well covered by operating cash flow (53.9%).
Interest Coverage: GIG's interest payments on its debt are well covered by EBIT (3.8x coverage).