GLG Balance Sheet Health
Financial Health criteria checks 3/6
GLG has a total shareholder equity of $51.6M and total debt of $32.8M, which brings its debt-to-equity ratio to 63.6%. Its total assets and total liabilities are $100.4M and $48.8M respectively. GLG's EBIT is $439.0K making its interest coverage ratio 1. It has cash and short-term investments of $12.0M.
Key information
63.6%
Debt to equity ratio
US$32.83m
Debt
| Interest coverage ratio | 1x |
| Cash | US$12.02m |
| Equity | US$51.63m |
| Total liabilities | US$48.76m |
| Total assets | US$100.39m |
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 ($65.5M) exceed its short term liabilities ($45.2M).
Long Term Liabilities: GLE's short term assets ($65.5M) exceed its long term liabilities ($3.5M).
Debt to Equity History and Analysis
Debt Level: GLE's net debt to equity ratio (40.3%) is considered high.
Reducing Debt: GLE's debt to equity ratio has reduced from 185.2% to 63.6% over the past 5 years.
Debt Coverage: GLE's debt is not well covered by operating cash flow (5.5%).
Interest Coverage: GLE's interest payments on its debt are not well covered by EBIT (1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 03:26 |
| End of Day Share Price | 2024/12/12 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
GLG Corp Ltd is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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