Golan Plastic Products Balance Sheet Health
Financial Health criteria checks 6/6
Golan Plastic Products has a total shareholder equity of ₪305.9M and total debt of ₪74.9M, which brings its debt-to-equity ratio to 24.5%. Its total assets and total liabilities are ₪501.5M and ₪195.6M respectively. Golan Plastic Products's EBIT is ₪46.4M making its interest coverage ratio 6.8. It has cash and short-term investments of ₪18.5M.
Key information
24.5%
Debt to equity ratio
₪74.88m
Debt
Interest coverage ratio | 6.8x |
Cash | ₪18.45m |
Equity | ₪305.90m |
Total liabilities | ₪195.64m |
Total assets | ₪501.54m |
Recent financial health updates
Golan Plastic Products (TLV:GLPL) Has A Pretty Healthy Balance Sheet
Aug 31Does Golan Plastic Products (TLV:GLPL) Have A Healthy Balance Sheet?
May 26Golan Plastic Products (TLV:GLPL) Seems To Use Debt Rather Sparingly
Feb 17Recent updates
Slowing Rates Of Return At Golan Plastic Products (TLV:GLPL) Leave Little Room For Excitement
Nov 10Golan Plastic Products (TLV:GLPL) Has A Pretty Healthy Balance Sheet
Aug 31Golan Plastic Products (TLV:GLPL) Hasn't Managed To Accelerate Its Returns
May 30Does Golan Plastic Products (TLV:GLPL) Have A Healthy Balance Sheet?
May 26Golan Plastic Products (TLV:GLPL) Hasn't Managed To Accelerate Its Returns
May 06What To Know Before Buying Golan Plastic Products Ltd. (TLV:GLPL) For Its Dividend
Mar 23Did You Participate In Any Of Golan Plastic Products' (TLV:GLPL) Respectable 83% Return?
Mar 05Golan Plastic Products (TLV:GLPL) Seems To Use Debt Rather Sparingly
Feb 17What Do The Returns At Golan Plastic Products (TLV:GLPL) Mean Going Forward?
Feb 01Is Weakness In Golan Plastic Products Ltd. (TLV:GLPL) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?
Jan 18Two Days Left To Buy Golan Plastic Products Ltd. (TLV:GLPL) Before The Ex-Dividend Date
Jan 03Calculating The Fair Value Of Golan Plastic Products Ltd. (TLV:GLPL)
Dec 20Should Golan Plastic Products Ltd. (TLV:GLPL) Be Part Of Your Dividend Portfolio?
Dec 07Did You Participate In Any Of Golan Plastic Products' (TLV:GLPL) Respectable 79% Return?
Nov 24Financial Position Analysis
Short Term Liabilities: GLPL's short term assets (₪277.0M) exceed its short term liabilities (₪98.3M).
Long Term Liabilities: GLPL's short term assets (₪277.0M) exceed its long term liabilities (₪97.3M).
Debt to Equity History and Analysis
Debt Level: GLPL's net debt to equity ratio (18.4%) is considered satisfactory.
Reducing Debt: GLPL's debt to equity ratio has reduced from 28.9% to 24.5% over the past 5 years.
Debt Coverage: GLPL's debt is well covered by operating cash flow (76.6%).
Interest Coverage: GLPL's interest payments on its debt are well covered by EBIT (6.8x coverage).