GL Events Balance Sheet Health
Financial Health criteria checks 2/6
GL Events has a total shareholder equity of €581.5M and total debt of €1.1B, which brings its debt-to-equity ratio to 189.3%. Its total assets and total liabilities are €3.2B and €2.6B respectively. GL Events's EBIT is €154.8M making its interest coverage ratio 3.3. It has cash and short-term investments of €540.8M.
Key information
189.3%
Debt to equity ratio
€1.10b
Debt
| Interest coverage ratio | 3.3x |
| Cash | €540.77m |
| Equity | €581.53m |
| Total liabilities | €2.61b |
| Total assets | €3.19b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0X5's short term assets (€1.1B) do not cover its short term liabilities (€1.2B).
Long Term Liabilities: 0X5's short term assets (€1.1B) do not cover its long term liabilities (€1.4B).
Debt to Equity History and Analysis
Debt Level: 0X5's net debt to equity ratio (96.3%) is considered high.
Reducing Debt: 0X5's debt to equity ratio has increased from 136% to 189.3% over the past 5 years.
Debt Coverage: 0X5's debt is well covered by operating cash flow (20.9%).
Interest Coverage: 0X5's interest payments on its debt are well covered by EBIT (3.3x coverage).