Golan Renewable Industries Balance Sheet Health
Financial Health criteria checks 6/6
Golan Renewable Industries has a total shareholder equity of ₪319.3M and total debt of ₪56.3M, which brings its debt-to-equity ratio to 17.6%. Its total assets and total liabilities are ₪511.2M and ₪191.9M respectively. Golan Renewable Industries's EBIT is ₪33.0M making its interest coverage ratio 3.3. It has cash and short-term investments of ₪22.1M.
Key information
17.6%
Debt to equity ratio
₪56.33m
Debt
| Interest coverage ratio | 3.3x |
| Cash | ₪22.14m |
| Equity | ₪319.30m |
| Total liabilities | ₪191.86m |
| Total assets | ₪511.16m |
Recent financial health updates
Golan Plastic Products (TLV:GLPL) Has A Pretty Healthy Balance Sheet
Aug 31
Does 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 18
Two 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: GRIN's short term assets (₪274.2M) exceed its short term liabilities (₪101.8M).
Long Term Liabilities: GRIN's short term assets (₪274.2M) exceed its long term liabilities (₪90.1M).
Debt to Equity History and Analysis
Debt Level: GRIN's net debt to equity ratio (10.7%) is considered satisfactory.
Reducing Debt: GRIN's debt to equity ratio has reduced from 26.8% to 17.6% over the past 5 years.
Debt Coverage: GRIN's debt is well covered by operating cash flow (112.6%).
Interest Coverage: GRIN's interest payments on its debt are well covered by EBIT (3.3x coverage).