Good Spirits Hospitality Balance Sheet Health
Financial Health criteria checks 2/6
Good Spirits Hospitality has a total shareholder equity of NZ$-19.6M and total debt of NZ$33.7M, which brings its debt-to-equity ratio to -172%. Its total assets and total liabilities are NZ$32.1M and NZ$51.8M respectively. Good Spirits Hospitality's EBIT is NZ$4.5M making its interest coverage ratio 0.9. It has cash and short-term investments of NZ$341.0K.
Key information
-172.0%
Debt to equity ratio
NZ$33.72m
Debt
| Interest coverage ratio | 0.9x |
| Cash | NZ$341.04k |
| Equity | -NZ$19.60m |
| Total liabilities | NZ$51.75m |
| Total assets | NZ$32.15m |
Recent financial health updates
Is Good Spirits Hospitality (NZSE:GSH) A Risky Investment?
Oct 29
Does Good Spirits Hospitality (NZSE:GSH) Have A Healthy Balance Sheet?
May 17Recent updates
A Look At The Fair Value Of Good Spirits Hospitality Limited (NZSE:GSH)
Mar 07Most Shareholders Will Probably Find That The CEO Compensation For Good Spirits Hospitality Limited (NZSE:GSH) Is Reasonable
Dec 13Is Good Spirits Hospitality (NZSE:GSH) A Risky Investment?
Oct 29Does Good Spirits Hospitality (NZSE:GSH) Have A Healthy Balance Sheet?
May 17A Look At Good Spirits Hospitality's (NZSE:GSH) CEO Remuneration
Feb 01
Financial Position Analysis
Short Term Liabilities: GSH has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: GSH 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: GSH has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: GSH's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable GSH has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: GSH is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 11.2% per year.