Ginegar Plastic Products Balance Sheet Health
Financial Health criteria checks 3/6
Ginegar Plastic Products has a total shareholder equity of ₪211.9M and total debt of ₪175.6M, which brings its debt-to-equity ratio to 82.9%. Its total assets and total liabilities are ₪648.3M and ₪436.4M respectively. Ginegar Plastic Products's EBIT is ₪36.1M making its interest coverage ratio 2.6. It has cash and short-term investments of ₪72.8M.
Key information
82.9%
Debt to equity ratio
₪175.61m
Debt
| Interest coverage ratio | 2.6x |
| Cash | ₪72.79m |
| Equity | ₪211.89m |
| Total liabilities | ₪436.37m |
| Total assets | ₪648.25m |
Recent financial health updates
Ginegar Plastic Products (TLV:GNGR) Has A Somewhat Strained Balance Sheet
Jun 04
Health Check: How Prudently Does Ginegar Plastic Products (TLV:GNGR) Use Debt?
Sep 15Is Ginegar Plastic Products (TLV:GNGR) Using Debt In A Risky Way?
May 17Ginegar Plastic Products (TLV:GNGR) Has A Pretty Healthy Balance Sheet
Mar 25Does Ginegar Plastic Products (TLV:GNGR) Have A Healthy Balance Sheet?
Dec 25Recent updates
Ginegar Plastic Products (TLV:GNGR) Has A Somewhat Strained Balance Sheet
Jun 04Health Check: How Prudently Does Ginegar Plastic Products (TLV:GNGR) Use Debt?
Sep 15Is Ginegar Plastic Products (TLV:GNGR) Using Debt In A Risky Way?
May 17Estimating The Fair Value Of Ginegar Plastic Products Ltd. (TLV:GNGR)
Jun 15Investors Could Be Concerned With Ginegar Plastic Products' (TLV:GNGR) Returns On Capital
Apr 30Ginegar Plastic Products (TLV:GNGR) Has A Pretty Healthy Balance Sheet
Mar 25A Look At Ginegar Plastic Products' (TLV:GNGR) Share Price Returns
Mar 04Can Mixed Financials Have A Negative Impact on Ginegar Plastic Products Ltd.'s 's (TLV:GNGR) Current Price Momentum?
Feb 10The Trends At Ginegar Plastic Products (TLV:GNGR) That You Should Know About
Jan 19
Does Ginegar Plastic Products (TLV:GNGR) Have A Healthy Balance Sheet?
Dec 25Calculating The Intrinsic Value Of Ginegar Plastic Products Ltd. (TLV:GNGR)
Dec 04Financial Position Analysis
Short Term Liabilities: GNGR's short term assets (₪469.7M) exceed its short term liabilities (₪260.9M).
Long Term Liabilities: GNGR's short term assets (₪469.7M) exceed its long term liabilities (₪175.4M).
Debt to Equity History and Analysis
Debt Level: GNGR's net debt to equity ratio (48.5%) is considered high.
Reducing Debt: GNGR's debt to equity ratio has reduced from 85.2% to 82.9% over the past 5 years.
Debt Coverage: GNGR's debt is not well covered by operating cash flow (12.1%).
Interest Coverage: GNGR's interest payments on its debt are not well covered by EBIT (2.6x coverage).