Global Knafaim Leasing Balance Sheet Health
Financial Health criteria checks 3/6
Global Knafaim Leasing has a total shareholder equity of $52.6M and total debt of $65.4M, which brings its debt-to-equity ratio to 124.2%. Its total assets and total liabilities are $122.8M and $70.2M respectively. Global Knafaim Leasing's EBIT is $11.9M making its interest coverage ratio 2.5. It has cash and short-term investments of $2.4M.
Key information
124.2%
Debt to equity ratio
US$65.36m
Debt
| Interest coverage ratio | 2.5x |
| Cash | US$2.43m |
| Equity | US$52.62m |
| Total liabilities | US$70.20m |
| Total assets | US$122.81m |
Recent financial health updates
Does Global Knafaim Leasing (TLV:GKL) Have A Healthy Balance Sheet?
Aug 30
We 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 10
Recent updates
Subdued Growth No Barrier To Global Knafaim Leasing Ltd (TLV:GKL) With Shares Advancing 25%
Oct 02Does 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 ($4.5M) do not cover its short term liabilities ($8.9M).
Long Term Liabilities: GKL's short term assets ($4.5M) do not cover its long term liabilities ($61.3M).
Debt to Equity History and Analysis
Debt Level: GKL's net debt to equity ratio (119.6%) is considered high.
Reducing Debt: GKL's debt to equity ratio has reduced from 152.6% to 124.2% 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, even with free cash flow being positive and shrinking by 4.8% per year.