Goodman Group Balance Sheet Health
Financial Health criteria checks 5/6
Goodman Group has a total shareholder equity of A$17.6B and total debt of A$3.2B, which brings its debt-to-equity ratio to 18.3%. Its total assets and total liabilities are A$23.1B and A$5.5B respectively. Goodman Group's EBIT is A$83.0M making its interest coverage ratio 4.8. It has cash and short-term investments of A$1.2B.
Key information
18.3%
Debt to equity ratio
AU$3.21b
Debt
Interest coverage ratio | 4.8x |
Cash | AU$1.21b |
Equity | AU$17.55b |
Total liabilities | AU$5.51b |
Total assets | AU$23.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GMGS.F's short term assets (A$2.2B) exceed its short term liabilities (A$1.3B).
Long Term Liabilities: GMGS.F's short term assets (A$2.2B) do not cover its long term liabilities (A$4.2B).
Debt to Equity History and Analysis
Debt Level: GMGS.F's net debt to equity ratio (11.4%) is considered satisfactory.
Reducing Debt: GMGS.F's debt to equity ratio has reduced from 29.6% to 18.3% over the past 5 years.
Debt Coverage: GMGS.F's debt is well covered by operating cash flow (34.4%).
Interest Coverage: GMGS.F's interest payments on its debt are well covered by EBIT (4.8x coverage).