Galaxy Gaming Balance Sheet Health
Financial Health criteria checks 0/6
Galaxy Gaming has a total shareholder equity of $-18.2M and total debt of $54.1M, which brings its debt-to-equity ratio to -296.3%. Its total assets and total liabilities are $40.5M and $58.7M respectively. Galaxy Gaming's EBIT is $7.2M making its interest coverage ratio 0.9. It has cash and short-term investments of $16.7M.
Key information
-296.3%
Debt to equity ratio
US$54.05m
Debt
Interest coverage ratio | 0.9x |
Cash | US$16.69m |
Equity | -US$18.24m |
Total liabilities | US$58.72m |
Total assets | US$40.48m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GLXZ has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: GLXZ 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: GLXZ has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: GLXZ's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: GLXZ's debt is not well covered by operating cash flow (5%).
Interest Coverage: GLXZ's interest payments on its debt are not well covered by EBIT (0.9x coverage).