A Look Into GSK's Debt
Portfolio Pulse from Benzinga Insights
GSK Inc.'s shares have decreased by 5.32% in the past three months. The company's total debt stands at $40.48 billion, with $31.30 billion in long-term debt and $9.18 billion in current debt. After adjusting for $6.25 billion in cash-equivalents, the net debt is $34.24 billion. GSK's total assets are $105.74 billion, making the debt-ratio 0.38. A higher debt-ratio can imply a risk for default if interest rates increase.
July 17, 2023 | 6:45 pm
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GSK's shares have decreased by 5.32% in the past three months. The company's total debt is $40.48 billion, with a net debt of $34.24 billion. The debt-ratio is 0.38, which could imply a risk for default if interest rates increase.
GSK's high debt and decreasing share price could make it a risky investment. The debt-ratio of 0.38, while not excessively high, could still pose a risk if interest rates were to increase, as it could lead to difficulties in servicing the debt. This could potentially lead to a further decrease in share price.
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