GL Events Balance Sheet Health
Financial Health criteria checks 2/6
GL Events has a total shareholder equity of €582.5M and total debt of €1.0B, which brings its debt-to-equity ratio to 178.7%. Its total assets and total liabilities are €3.0B and €2.5B respectively. GL Events's EBIT is €141.5M making its interest coverage ratio 3.5. It has cash and short-term investments of €540.1M.
Key information
178.7%
Debt to equity ratio
€1.04b
Debt
Interest coverage ratio | 3.5x |
Cash | €540.10m |
Equity | €582.46m |
Total liabilities | €2.46b |
Total assets | €3.04b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0IX0's short term assets (€1.0B) do not cover its short term liabilities (€1.1B).
Long Term Liabilities: 0IX0's short term assets (€1.0B) do not cover its long term liabilities (€1.3B).
Debt to Equity History and Analysis
Debt Level: 0IX0's net debt to equity ratio (85.9%) is considered high.
Reducing Debt: 0IX0's debt to equity ratio has increased from 118.3% to 178.7% over the past 5 years.
Debt Coverage: 0IX0's debt is well covered by operating cash flow (25.9%).
Interest Coverage: 0IX0's interest payments on its debt are well covered by EBIT (3.5x coverage).