Grocery Outlet Holding Balance Sheet Health
Financial Health criteria checks 5/6
Grocery Outlet Holding has a total shareholder equity of $1.2B and total debt of $429.3M, which brings its debt-to-equity ratio to 35%. Its total assets and total liabilities are $3.1B and $1.9B respectively. Grocery Outlet Holding's EBIT is $94.2M making its interest coverage ratio 5.7. It has cash and short-term investments of $68.7M.
Key information
35.0%
Debt to equity ratio
US$429.28m
Debt
| Interest coverage ratio | 5.7x |
| Cash | US$68.65m |
| Equity | US$1.23b |
| Total liabilities | US$1.91b |
| Total assets | US$3.14b |
Recent financial health updates
Grocery Outlet Holding (NASDAQ:GO) Takes On Some Risk With Its Use Of Debt
Aug 22
Grocery Outlet Holding (NASDAQ:GO) Seems To Use Debt Quite Sensibly
Mar 28Here's Why Grocery Outlet Holding (NASDAQ:GO) Can Manage Its Debt Responsibly
Dec 06Does Grocery Outlet Holding (NASDAQ:GO) Have A Healthy Balance Sheet?
Jul 03Is Grocery Outlet Holding (NASDAQ:GO) A Risky Investment?
Mar 28Grocery Outlet Holding (NASDAQ:GO) Has A Somewhat Strained Balance Sheet
Dec 06Recent updates
Grocery Outlet Holding: No Signs Of SSS And Gross Margin Improvement Anytime Soon
Nov 07Slowing Rates Of Return At Grocery Outlet Holding (NASDAQ:GO) Leave Little Room For Excitement
Nov 04Grocery Outlet Holding (NASDAQ:GO) Takes On Some Risk With Its Use Of Debt
Aug 22Grocery Outlet Holding: Poor SSS Growth Outlook For The Near Term
Aug 21Grocery Outlet: Q2, Profitability Has Started Normalizing
Aug 08With Grocery Outlet Holding Corp. (NASDAQ:GO) It Looks Like You'll Get What You Pay For
Aug 02The Returns At Grocery Outlet Holding (NASDAQ:GO) Aren't Growing
Jul 15Grocery Outlet Holding: Remain Sell Rated As SSS Outlook Is Still Uncertain
May 30Market Participants Recognise Grocery Outlet Holding Corp.'s (NASDAQ:GO) Earnings
Apr 18Grocery Outlet Holding (NASDAQ:GO) Seems To Use Debt Quite Sensibly
Mar 28Grocery Outlet Holding: Very Negative On This UGO Acquisition In The Near Term
Mar 15Results: Grocery Outlet Holding Corp. Beat Earnings Expectations And Analysts Now Have New Forecasts
Mar 02Grocery Outlet Offers A Novel Business Model And Growth
Feb 01Grocery Outlet Holding (NASDAQ:GO) May Have Issues Allocating Its Capital
Jan 17Grocery Outlet Holding Corp.'s (NASDAQ:GO) Share Price Not Quite Adding Up
Dec 27Here's Why Grocery Outlet Holding (NASDAQ:GO) Can Manage Its Debt Responsibly
Dec 06Is There An Opportunity With Grocery Outlet Holding Corp.'s (NASDAQ:GO) 48% Undervaluation?
Oct 07Capital Allocation Trends At Grocery Outlet Holding (NASDAQ:GO) Aren't Ideal
Aug 28Does Grocery Outlet Holding (NASDAQ:GO) Have A Healthy Balance Sheet?
Jul 03Here's What's Concerning About Grocery Outlet Holding's (NASDAQ:GO) Returns On Capital
May 27Is Grocery Outlet Holding (NASDAQ:GO) A Risky Investment?
Mar 28Are Investors Undervaluing Grocery Outlet Holding Corp. (NASDAQ:GO) By 50%?
Feb 26Grocery Outlet Holding (NASDAQ:GO) Will Want To Turn Around Its Return Trends
Dec 25Grocery Outlet Holding (NASDAQ:GO) Has A Somewhat Strained Balance Sheet
Dec 06Financial Position Analysis
Short Term Liabilities: GO's short term assets ($514.0M) exceed its short term liabilities ($352.3M).
Long Term Liabilities: GO's short term assets ($514.0M) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: GO's net debt to equity ratio (29.4%) is considered satisfactory.
Reducing Debt: GO's debt to equity ratio has reduced from 63.3% to 35% over the past 5 years.
Debt Coverage: GO's debt is well covered by operating cash flow (23.2%).
Interest Coverage: GO's interest payments on its debt are well covered by EBIT (5.7x coverage).