Glanbia Balance Sheet Health
Financial Health criteria checks 6/6
Glanbia has a total shareholder equity of $2.1B and total debt of $662.4M, which brings its debt-to-equity ratio to 31.1%. Its total assets and total liabilities are $3.8B and $1.7B respectively. Glanbia's EBIT is $345.4M making its interest coverage ratio 36. It has cash and short-term investments of $413.7M.
Key information
31.1%
Debt to equity ratio
US$662.40m
Debt
Interest coverage ratio | 36x |
Cash | US$413.70m |
Equity | US$2.13b |
Total liabilities | US$1.67b |
Total assets | US$3.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GLBL's short term assets ($1.5B) exceed its short term liabilities ($880.5M).
Long Term Liabilities: GLBL's short term assets ($1.5B) exceed its long term liabilities ($786.0M).
Debt to Equity History and Analysis
Debt Level: GLBL's net debt to equity ratio (11.7%) is considered satisfactory.
Reducing Debt: GLBL's debt to equity ratio has reduced from 47.4% to 31.1% over the past 5 years.
Debt Coverage: GLBL's debt is well covered by operating cash flow (64.6%).
Interest Coverage: GLBL's interest payments on its debt are well covered by EBIT (36x coverage).