Glanbia Balance Sheet Health
Financial Health criteria checks 6/6
Glanbia has a total shareholder equity of $2.2B and total debt of $946.3M, which brings its debt-to-equity ratio to 44%. Its total assets and total liabilities are $4.0B and $1.9B respectively. Glanbia's EBIT is $374.4M making its interest coverage ratio 27.9. It has cash and short-term investments of $300.9M.
Key information
44.0%
Debt to equity ratio
US$946.30m
Debt
| Interest coverage ratio | 27.9x |
| Cash | US$300.90m |
| Equity | US$2.15b |
| Total liabilities | US$1.89b |
| Total assets | US$4.05b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GL9's short term assets ($1.5B) exceed its short term liabilities ($905.4M).
Long Term Liabilities: GL9's short term assets ($1.5B) exceed its long term liabilities ($989.1M).
Debt to Equity History and Analysis
Debt Level: GL9's net debt to equity ratio (30%) is considered satisfactory.
Reducing Debt: GL9's debt to equity ratio has reduced from 59.9% to 44% over the past 5 years.
Debt Coverage: GL9's debt is well covered by operating cash flow (53%).
Interest Coverage: GL9's interest payments on its debt are well covered by EBIT (27.9x coverage).