Globex Mining Enterprises Balance Sheet Health
Financial Health criteria checks 6/6
Globex Mining Enterprises has a total shareholder equity of CA$33.0M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$33.4M and CA$363.9K respectively. Globex Mining Enterprises's EBIT is CA$1.4M making its interest coverage ratio -1.1. It has cash and short-term investments of CA$28.4M.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | -1.1x |
| Cash | CA$28.40m |
| Equity | CA$33.04m |
| Total liabilities | CA$363.88k |
| Total assets | CA$33.40m |
Recent financial health updates
No updates
Recent updates
Statutory Earnings May Not Be The Best Way To Understand Globex Mining Enterprises' (TSE:GMX) True Position
Nov 20
Getting In Cheap On Globex Mining Enterprises Inc. (TSE:GMX) Is Unlikely
Oct 10Statutory Profit Doesn't Reflect How Good Globex Mining Enterprises' (TSE:GMX) Earnings Are
Apr 01A Look At The Fair Value Of Globex Mining Enterprises Inc. (TSE:GMX)
Aug 30Do Globex Mining Enterprises's (TSE:GMX) Earnings Warrant Your Attention?
Feb 16Are Strong Financial Prospects The Force That Is Driving The Momentum In Globex Mining Enterprises Inc.'s TSE:GMX) Stock?
Feb 05
We're Not So Sure You Should Rely on Globex Mining Enterprises's (TSE:GMX) Statutory Earnings
Dec 28A Look At The Fair Value Of Globex Mining Enterprises Inc. (TSE:GMX)
Dec 01Financial Position Analysis
Short Term Liabilities: GMX's short term assets (CA$31.8M) exceed its short term liabilities (CA$363.9K).
Long Term Liabilities: GMX has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: GMX is debt free.
Reducing Debt: GMX has no debt compared to 5 years ago when its debt to equity ratio was 0.6%.
Debt Coverage: GMX has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: GMX has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 11:58 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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
Globex Mining Enterprises Inc. 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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