Globrands Balance Sheet Health
Financial Health criteria checks 4/6
Globrands has a total shareholder equity of ₪56.5M and total debt of ₪198.6M, which brings its debt-to-equity ratio to 351.8%. Its total assets and total liabilities are ₪451.5M and ₪395.1M respectively. Globrands's EBIT is ₪87.5M making its interest coverage ratio 6.9. It has cash and short-term investments of ₪14.7M.
Key information
351.8%
Debt to equity ratio
₪198.61m
Debt
| Interest coverage ratio | 6.9x |
| Cash | ₪14.65m |
| Equity | ₪56.46m |
| Total liabilities | ₪395.06m |
| Total assets | ₪451.51m |
Recent financial health updates
Recent updates
Estimating The Intrinsic Value Of Globrands Ltd. (TLV:GLRS)
Apr 05
Boasting A 76% Return On Equity, Is Globrands Ltd. (TLV:GLRS) A Top Quality Stock?
Mar 15Does Globrands (TLV:GLRS) Have A Healthy Balance Sheet?
Feb 11
Globrands (TLV:GLRS) Has Compensated Shareholders With A Respectable 33% Return On Their Investment
Jan 24What Is The Ownership Structure Like For Globrands Ltd. (TLV:GLRS)?
Jan 05Should You Be Impressed By Globrands Ltd.'s (TLV:GLRS) ROE?
Dec 15Are Globrands's (TLV:GLRS) Statutory Earnings A Good Reflection Of Its Earnings Potential?
Nov 24Financial Position Analysis
Short Term Liabilities: GLRS's short term assets (₪364.1M) exceed its short term liabilities (₪343.1M).
Long Term Liabilities: GLRS's short term assets (₪364.1M) exceed its long term liabilities (₪52.0M).
Debt to Equity History and Analysis
Debt Level: GLRS's net debt to equity ratio (325.9%) is considered high.
Reducing Debt: GLRS's debt to equity ratio has increased from 221% to 351.8% over the past 5 years.
Debt Coverage: GLRS's debt is well covered by operating cash flow (43.8%).
Interest Coverage: GLRS's interest payments on its debt are well covered by EBIT (6.9x coverage).