GL Events Balance Sheet Health
Financial Health criteria checks 3/6
GL Events has a total shareholder equity of €571.6M and total debt of €1.1B, which brings its debt-to-equity ratio to 198.8%. Its total assets and total liabilities are €3.1B and €2.5B respectively. GL Events's EBIT is €140.5M making its interest coverage ratio 4.5. It has cash and short-term investments of €576.7M.
Key information
198.8%
Debt to equity ratio
€1.14b
Debt
| Interest coverage ratio | 4.5x |
| Cash | €576.74m |
| Equity | €571.61m |
| Total liabilities | €2.50b |
| Total assets | €3.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GLOP's short term assets (€1.1B) exceed its short term liabilities (€1.1B).
Long Term Liabilities: GLOP's short term assets (€1.1B) do not cover its long term liabilities (€1.4B).
Debt to Equity History and Analysis
Debt Level: GLOP's net debt to equity ratio (98%) is considered high.
Reducing Debt: GLOP's debt to equity ratio has increased from 163.6% to 198.8% over the past 5 years.
Debt Coverage: GLOP's debt is well covered by operating cash flow (20.2%).
Interest Coverage: GLOP's interest payments on its debt are well covered by EBIT (4.5x coverage).