Gooch & Housego Balance Sheet Health
Financial Health criteria checks 6/6
Gooch & Housego has a total shareholder equity of £119.7M and total debt of £28.2M, which brings its debt-to-equity ratio to 23.5%. Its total assets and total liabilities are £192.6M and £72.9M respectively. Gooch & Housego's EBIT is £7.6M making its interest coverage ratio 4.2. It has cash and short-term investments of £7.3M.
Key information
23.5%
Debt to equity ratio
UK£28.17m
Debt
Interest coverage ratio | 4.2x |
Cash | UK£7.29m |
Equity | UK£119.73m |
Total liabilities | UK£72.88m |
Total assets | UK£192.61m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GCHH.F's short term assets (£79.0M) exceed its short term liabilities (£23.2M).
Long Term Liabilities: GCHH.F's short term assets (£79.0M) exceed its long term liabilities (£49.7M).
Debt to Equity History and Analysis
Debt Level: GCHH.F's net debt to equity ratio (17.4%) is considered satisfactory.
Reducing Debt: GCHH.F's debt to equity ratio has reduced from 27.5% to 23.5% over the past 5 years.
Debt Coverage: GCHH.F's debt is well covered by operating cash flow (57.4%).
Interest Coverage: GCHH.F's interest payments on its debt are well covered by EBIT (4.2x coverage).