GLG Balance Sheet Health
Financial Health criteria checks 4/6
GLG has a total shareholder equity of $53.3M and total debt of $35.8M, which brings its debt-to-equity ratio to 67.2%. Its total assets and total liabilities are $105.1M and $51.9M respectively.
Key information
67.2%
Debt to equity ratio
US$35.77m
Debt
| Interest coverage ratio | n/a |
| Cash | US$17.37m |
| Equity | US$53.26m |
| Total liabilities | US$51.87m |
| Total assets | US$105.12m |
Recent financial health updates
Is GLG (ASX:GLE) Using Debt Sensibly?
Dec 13
Does GLG (ASX:GLE) Have A Healthy Balance Sheet?
Mar 16Here's Why GLG (ASX:GLE) Has A Meaningful Debt Burden
Oct 25Is GLG (ASX:GLE) Using Too Much Debt?
Mar 24Recent updates
Is GLG (ASX:GLE) Using Debt Sensibly?
Dec 13Returns On Capital At GLG (ASX:GLE) Have Stalled
Aug 21Does GLG (ASX:GLE) Have A Healthy Balance Sheet?
Mar 16GLG (ASX:GLE) Is Doing The Right Things To Multiply Its Share Price
Jan 23A Look At The Intrinsic Value Of GLG Corp Ltd (ASX:GLE)
Nov 16GLG's (ASX:GLE) Returns On Capital Are Heading Higher
Oct 05Capital Allocation Trends At GLG (ASX:GLE) Aren't Ideal
Jun 29GLG (ASX:GLE) Will Be Hoping To Turn Its Returns On Capital Around
Jan 20Here's Why GLG (ASX:GLE) Has A Meaningful Debt Burden
Oct 25GLG's (ASX:GLE) Returns On Capital Are Heading Higher
Aug 31Returns On Capital Are Showing Encouraging Signs At GLG (ASX:GLE)
May 16Is GLG (ASX:GLE) Using Too Much Debt?
Mar 24We're Not Counting On GLG (ASX:GLE) To Sustain Its Statutory Profitability
Jan 30Here's What To Make Of GLG's (ASX:GLE) Returns On Capital
Dec 08Financial Position Analysis
Short Term Liabilities: GLE's short term assets ($66.4M) exceed its short term liabilities ($46.9M).
Long Term Liabilities: GLE's short term assets ($66.4M) exceed its long term liabilities ($4.9M).
Debt to Equity History and Analysis
Debt Level: GLE's net debt to equity ratio (34.6%) is considered satisfactory.
Reducing Debt: GLE's debt to equity ratio has reduced from 144.2% to 67.2% over the past 5 years.
Debt Coverage: GLE's debt is not well covered by operating cash flow (8.8%).
Interest Coverage: Insufficient data to determine if GLE's interest payments on its debt are well covered by EBIT.