Goodman Group Balance Sheet Health
Financial Health criteria checks 4/6
Goodman Group has a total shareholder equity of A$17.5B and total debt of A$3.7B, which brings its debt-to-equity ratio to 21%. Its total assets and total liabilities are A$23.8B and A$6.3B respectively.
Key information
21.0%
Debt to equity ratio
AU$3.69b
Debt
| Interest coverage ratio | n/a |
| Cash | AU$1.79b |
| Equity | AU$17.54b |
| Total liabilities | AU$6.29b |
| Total assets | AU$23.83b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GMGS.F's short term assets (A$2.5B) exceed its short term liabilities (A$1.4B).
Long Term Liabilities: GMGS.F's short term assets (A$2.5B) do not cover its long term liabilities (A$4.9B).
Debt to Equity History and Analysis
Debt Level: GMGS.F's net debt to equity ratio (10.8%) is considered satisfactory.
Reducing Debt: GMGS.F's debt to equity ratio has reduced from 28.3% to 21% over the past 5 years.
Debt Coverage: GMGS.F's debt is well covered by operating cash flow (32.2%).
Interest Coverage: Insufficient data to determine if GMGS.F's interest payments on its debt are well covered by EBIT.