Globant Balance Sheet Health
Financial Health criteria checks 6/6
Globant has a total shareholder equity of $2.0B and total debt of $187.5M, which brings its debt-to-equity ratio to 9.6%. Its total assets and total liabilities are $2.9B and $945.0M respectively. Globant's EBIT is $245.6M making its interest coverage ratio 12. It has cash and short-term investments of $213.5M.
Key information
9.6%
Debt to equity ratio
US$187.50m
Debt
| Interest coverage ratio | 12x |
| Cash | US$213.46m |
| Equity | US$1.95b |
| Total liabilities | US$944.99m |
| Total assets | US$2.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GLOB's short term assets ($933.3M) exceed its short term liabilities ($686.3M).
Long Term Liabilities: GLOB's short term assets ($933.3M) exceed its long term liabilities ($258.7M).
Debt to Equity History and Analysis
Debt Level: GLOB has more cash than its total debt.
Reducing Debt: GLOB's debt to equity ratio has reduced from 13.7% to 9.6% over the past 5 years.
Debt Coverage: GLOB's debt is well covered by operating cash flow (145%).
Interest Coverage: GLOB's interest payments on its debt are well covered by EBIT (12x coverage).