GLG Corp Ltd

ASX:GLE Stock Report

Market Cap: AU$14.4m

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 ratio1x
CashUS$12.02m
EquityUS$51.63m
Total liabilitiesUS$48.76m
Total assetsUS$100.39m

Recent financial health updates

Is GLG (ASX:GLE) Using Debt Sensibly?

Dec 13
Is GLG (ASX:GLE) Using Debt Sensibly?

Does GLG (ASX:GLE) Have A Healthy Balance Sheet?

Mar 16
Does GLG (ASX:GLE) Have A Healthy Balance Sheet?

Here's Why GLG (ASX:GLE) Has A Meaningful Debt Burden

Oct 25
Here's Why GLG (ASX:GLE) Has A Meaningful Debt Burden

Is GLG (ASX:GLE) Using Too Much Debt?

Mar 24
Is GLG (ASX:GLE) Using Too Much Debt?

Recent updates

Is GLG (ASX:GLE) Using Debt Sensibly?

Dec 13
Is GLG (ASX:GLE) Using Debt Sensibly?

Returns On Capital At GLG (ASX:GLE) Have Stalled

Aug 21
Returns On Capital At GLG (ASX:GLE) Have Stalled

Does GLG (ASX:GLE) Have A Healthy Balance Sheet?

Mar 16
Does GLG (ASX:GLE) Have A Healthy Balance Sheet?

GLG (ASX:GLE) Is Doing The Right Things To Multiply Its Share Price

Jan 23
GLG (ASX:GLE) Is Doing The Right Things To Multiply Its Share Price

A Look At The Intrinsic Value Of GLG Corp Ltd (ASX:GLE)

Nov 16
A Look At The Intrinsic Value Of GLG Corp Ltd (ASX:GLE)

GLG's (ASX:GLE) Returns On Capital Are Heading Higher

Oct 05
GLG's (ASX:GLE) Returns On Capital Are Heading Higher

Capital Allocation Trends At GLG (ASX:GLE) Aren't Ideal

Jun 29
Capital Allocation Trends At GLG (ASX:GLE) Aren't Ideal

GLG (ASX:GLE) Will Be Hoping To Turn Its Returns On Capital Around

Jan 20
GLG (ASX:GLE) Will Be Hoping To Turn Its Returns On Capital Around

Here's Why GLG (ASX:GLE) Has A Meaningful Debt Burden

Oct 25
Here's Why GLG (ASX:GLE) Has A Meaningful Debt Burden

GLG's (ASX:GLE) Returns On Capital Are Heading Higher

Aug 31
GLG's (ASX:GLE) Returns On Capital Are Heading Higher

Returns On Capital Are Showing Encouraging Signs At GLG (ASX:GLE)

May 16
Returns On Capital Are Showing Encouraging Signs At GLG (ASX:GLE)

Is GLG (ASX:GLE) Using Too Much Debt?

Mar 24
Is GLG (ASX:GLE) Using Too Much Debt?

We're Not Counting On GLG (ASX:GLE) To Sustain Its Statutory Profitability

Jan 30
We're Not Counting On GLG (ASX:GLE) To Sustain Its Statutory Profitability

Here's What To Make Of GLG's (ASX:GLE) Returns On Capital

Dec 08
Here's What To Make Of GLG's (ASX:GLE) Returns On Capital

Financial 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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