How much debt does goeasy have?
According to goeasy's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
goeasy's total debt stands at $3.69B. This is broken down into:
- Long-term debt: $3.69B
- Short-term debt: $-
The company's net debt, which accounts for cash and cash equivalents, is $3.44B. In terms of overall financial obligations, goeasy's total liabilities amount to $3.99B.
Debt Ratios and Metrics
To better understand goeasy's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 3.07 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 71.07% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: -62.79 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 75.14% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 75.45% - this indicates the total debt in the company's capital structure.
These metrics provide insight into goeasy's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$3.69B
Long-term Debt
$3.69B
Short-term Debt
$-
Net Debt
$3.44B
Total Liabilities
$3.99B
Interest Coverage
-62.79
Debt to Equity Ratio
3.07
Debt Ratio
71.07%
goeasy Historical Debt Metrics
goeasy Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $3.69B | $3.69B | $- | $3.44B | $3.99B | 3.07 | 71.07% | -62.79 | 75.14% | 75.45% |
| 2023 | $2.89B | $2.89B | $- | $2.77B | $3.11B | 2.74 | 69.41% | 0.00 | 72.79% | 73.28% |
| 2022 | $2.30B | $2.30B | $148.65M | $2.27B | $2.43B | 2.65 | 69.74% | 6.21 | 71.94% | 72.59% |
| 2021 | $1.62B | $1.62B | $- | $1.54B | $1.81B | 2.05 | 62.33% | 6.80 | 66.28% | 67.20% |
| 2020 | $941.65M | $887.75M | $198.34M | $878.70M | $1.06B | 2.12 | 62.70% | 7.32 | 66.68% | 67.98% |
| 2019 | $911.70M | $911.70M | $115.00M | $865.36M | $986.20M | 2.74 | 69.14% | 5.61 | 72.10% | 73.28% |
| 2018 | $691.06M | $691.06M | $- | $590.87M | $754.15M | 2.29 | 65.46% | 2.90 | 69.62% | 69.62% |
| 2017 | $449.18M | $449.18M | $- | $339.81M | $521.37M | 1.97 | 59.92% | 3.41 | 66.31% | 66.31% |
| 2016 | $263.29M | $263.29M | $- | $238.37M | $307.03M | 1.34 | 52.34% | 3.29 | 57.32% | 57.32% |
| 2015 | $210.30M | $210.30M | $- | $198.91M | $242.44M | 1.19 | 50.25% | 3.47 | 54.43% | 54.43% |
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