Globe Life Balance Sheet Health
Financial Health criteria checks 2/6
Globe Life has a total shareholder equity of $4.6B and total debt of $3.1B, which brings its debt-to-equity ratio to 67.5%. Its total assets and total liabilities are $29.6B and $24.9B respectively. Globe Life's EBIT is $1.5B making its interest coverage ratio 12.6. It has cash and short-term investments of $235.1M.
Key information
67.5%
Debt to equity ratio
US$3.13b
Debt
| Interest coverage ratio | 12.6x |
| Cash | US$235.05m |
| Equity | US$4.64b |
| Total liabilities | US$24.92b |
| Total assets | US$29.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: G1LL34's short term assets ($1.2B) do not cover its short term liabilities ($1.9B).
Long Term Liabilities: G1LL34's short term assets ($1.2B) do not cover its long term liabilities ($23.1B).
Debt to Equity History and Analysis
Debt Level: G1LL34's net debt to equity ratio (62.5%) is considered high.
Reducing Debt: G1LL34's debt to equity ratio has increased from 21.7% to 67.5% over the past 5 years.
Debt Coverage: G1LL34's debt is well covered by operating cash flow (46.5%).
Interest Coverage: G1LL34's interest payments on its debt are well covered by EBIT (12.6x coverage).