Global Knafaim Leasing Balance Sheet Health
Financial Health criteria checks 2/6
Global Knafaim Leasing has a total shareholder equity of $49.7M and total debt of $89.6M, which brings its debt-to-equity ratio to 180.2%. Its total assets and total liabilities are $143.9M and $94.2M respectively. Global Knafaim Leasing's EBIT is $1.3M making its interest coverage ratio 0.2. It has cash and short-term investments of $25.8M.
Key information
180.2%
Debt to equity ratio
US$89.64m
Debt
Interest coverage ratio | 0.2x |
Cash | US$25.78m |
Equity | US$49.75m |
Total liabilities | US$94.17m |
Total assets | US$143.91m |
Recent financial health updates
Does Global Knafaim Leasing (TLV:GKL) Have A Healthy Balance Sheet?
Aug 30We Think Global Knafaim Leasing (TLV:GKL) Is Taking Some Risk With Its Debt
Apr 04Global Knafaim Leasing (TLV:GKL) Has Debt But No Earnings; Should You Worry?
May 26Global Knafaim Leasing (TLV:GKL) Has Debt But No Earnings; Should You Worry?
Feb 10Recent updates
Does Global Knafaim Leasing (TLV:GKL) Have A Healthy Balance Sheet?
Aug 30We Think Global Knafaim Leasing (TLV:GKL) Is Taking Some Risk With Its Debt
Apr 04Global Knafaim Leasing (TLV:GKL) Has Debt But No Earnings; Should You Worry?
May 26Global Knafaim Leasing (TLV:GKL) Has Debt But No Earnings; Should You Worry?
Feb 10Financial Position Analysis
Short Term Liabilities: GKL's short term assets ($26.6M) do not cover its short term liabilities ($29.7M).
Long Term Liabilities: GKL's short term assets ($26.6M) do not cover its long term liabilities ($64.5M).
Debt to Equity History and Analysis
Debt Level: GKL's net debt to equity ratio (128.4%) is considered high.
Reducing Debt: GKL's debt to equity ratio has increased from 177.1% to 180.2% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable GKL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: GKL is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 1.5% per year.