Galaxy Gaming Balance Sheet Health
Financial Health criteria checks 0/6
Galaxy Gaming has a total shareholder equity of $-17.5M and total debt of $54.3M, which brings its debt-to-equity ratio to -310.2%. Its total assets and total liabilities are $41.5M and $59.0M respectively. Galaxy Gaming's EBIT is $7.1M making its interest coverage ratio 0.9. It has cash and short-term investments of $19.3M.
Key information
-310.2%
Debt to equity ratio
US$54.32m
Debt
| Interest coverage ratio | 0.9x |
| Cash | US$19.35m |
| Equity | -US$17.51m |
| Total liabilities | US$58.98m |
| Total assets | US$41.47m |
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 (7.6%).
Interest Coverage: GLXZ's interest payments on its debt are not well covered by EBIT (0.9x coverage).