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 $291.0M, which brings its debt-to-equity ratio to 23.8%. Its total assets and total liabilities are $3.0B and $1.7B respectively. Grocery Outlet Holding's EBIT is $93.5M making its interest coverage ratio 6.9. It has cash and short-term investments of $66.9M.
Key information
23.8%
Debt to equity ratio
US$290.96m
Debt
| Interest coverage ratio | 6.9x |
| Cash | US$66.89m |
| Equity | US$1.22b |
| Total liabilities | US$1.75b |
| Total assets | US$2.97b |
Recent financial health updates
Grocery Outlet Holding (NASDAQ:GO) Seems To Use Debt Quite Sensibly
Mar 28
Here'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 06Is Grocery Outlet Holding (NASDAQ:GO) Using Too Much Debt?
Aug 15Recent updates
Grocery 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 06Grocery Outlet Holding (NASDAQ:GO) Will Want To Turn Around Its Return Trends
Sep 06Is Grocery Outlet Holding (NASDAQ:GO) Using Too Much Debt?
Aug 15Grocery Outlet Holding Corp.: Too Pricey Even With The Growth
Aug 04Estimating The Fair Value Of Grocery Outlet Holding Corp. (NASDAQ:GO)
Jun 07Grocery Outlet: Look For A Bargain
May 24Capital Allocation Trends At Grocery Outlet Holding (NASDAQ:GO) Aren't Ideal
May 19Financial Position Analysis
Short Term Liabilities: GO's short term assets ($478.4M) exceed its short term liabilities ($382.1M).
Long Term Liabilities: GO's short term assets ($478.4M) do not cover its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: GO's net debt to equity ratio (18.3%) is considered satisfactory.
Reducing Debt: GO's debt to equity ratio has reduced from 281.3% to 23.8% over the past 5 years.
Debt Coverage: GO's debt is well covered by operating cash flow (76.9%).
Interest Coverage: GO's interest payments on its debt are well covered by EBIT (6.9x coverage).