Global Insurance Balance Sheet Health
Financial Health criteria checks 6/6
Global Insurance has a total shareholder equity of BDT548.4M and total debt of BDT50.1M, which brings its debt-to-equity ratio to 9.1%. Its total assets and total liabilities are BDT1.4B and BDT815.0M respectively. Global Insurance's EBIT is BDT90.1M making its interest coverage ratio 243.2. It has cash and short-term investments of BDT755.0M.
Key information
9.1%
Debt to equity ratio
৳50.06m
Debt
| Interest coverage ratio | 243.2x |
| Cash | ৳754.99m |
| Equity | ৳548.35m |
| Total liabilities | ৳814.96m |
| Total assets | ৳1.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GLOBALINS's short term assets (BDT1.2B) exceed its short term liabilities (BDT815.0M).
Long Term Liabilities: GLOBALINS's short term assets (BDT1.2B) exceed its long term liabilities (BDT1.0).
Debt to Equity History and Analysis
Debt Level: GLOBALINS has more cash than its total debt.
Reducing Debt: GLOBALINS's debt to equity ratio has reduced from 22.8% to 9.1% over the past 5 years.
Debt Coverage: GLOBALINS's debt is well covered by operating cash flow (134.8%).
Interest Coverage: GLOBALINS's interest payments on its debt are well covered by EBIT (243.2x coverage).