Globe International Balance Sheet Health
Financial Health criteria checks 5/6
Globe International has a total shareholder equity of A$76.3M and total debt of A$7.5M, which brings its debt-to-equity ratio to 9.9%. Its total assets and total liabilities are A$127.9M and A$51.6M respectively. Globe International's EBIT is A$17.1M making its interest coverage ratio 22.2. It has cash and short-term investments of A$22.1M.
Key information
9.9%
Debt to equity ratio
AU$7.55m
Debt
| Interest coverage ratio | 22.2x |
| Cash | AU$22.12m |
| Equity | AU$76.29m |
| Total liabilities | AU$51.63m |
| Total assets | AU$127.91m |
Recent financial health updates
We Think Globe International (ASX:GLB) Can Manage Its Debt With Ease
Aug 24
Here's Why Globe International (ASX:GLB) Has A Meaningful Debt Burden
Oct 08Recent updates
Slowing Rates Of Return At Globe International (ASX:GLB) Leave Little Room For Excitement
Oct 14Globe International Limited's (ASX:GLB) 50% Price Boost Is Out Of Tune With Revenues
Sep 20We Think Globe International (ASX:GLB) Can Manage Its Debt With Ease
Aug 24Calculating The Intrinsic Value Of Globe International Limited (ASX:GLB)
Aug 06There's No Escaping Globe International Limited's (ASX:GLB) Muted Earnings
Jul 12Globe International (ASX:GLB) Will Pay A Smaller Dividend Than Last Year
Aug 28Globe International (ASX:GLB) Is Reinvesting At Lower Rates Of Return
Feb 28Here's Why Globe International (ASX:GLB) Has A Meaningful Debt Burden
Oct 08Globe International (ASX:GLB) Is Increasing Its Dividend To AU$0.16
Feb 27Globe International (ASX:GLB) Has Announced That It Will Be Increasing Its Dividend To AU$0.20
Aug 20Globe International (ASX:GLB) Is Achieving High Returns On Its Capital
May 20What To Know Before Buying Globe International Limited (ASX:GLB) For Its Dividend
May 02Here's Why I Think Globe International (ASX:GLB) Is An Interesting Stock
Mar 07Here's What We Like About Globe International's (ASX:GLB) Upcoming Dividend
Mar 07How Does Globe International Limited (ASX:GLB) Fare As A Dividend Stock?
Nov 23Financial Position Analysis
Short Term Liabilities: GLB's short term assets (A$94.7M) exceed its short term liabilities (A$35.1M).
Long Term Liabilities: GLB's short term assets (A$94.7M) exceed its long term liabilities (A$16.5M).
Debt to Equity History and Analysis
Debt Level: GLB has more cash than its total debt.
Reducing Debt: GLB's debt to equity ratio has increased from 3.7% to 9.9% over the past 5 years.
Debt Coverage: GLB's debt is well covered by operating cash flow (309.9%).
Interest Coverage: GLB's interest payments on its debt are well covered by EBIT (22.2x coverage).