Globe Textiles (India) Balance Sheet Health
Financial Health criteria checks 2/6
Globe Textiles (India) has a total shareholder equity of ₹573.0M and total debt of ₹1.1B, which brings its debt-to-equity ratio to 191.7%. Its total assets and total liabilities are ₹3.1B and ₹2.5B respectively. Globe Textiles (India)'s EBIT is ₹161.7M making its interest coverage ratio 1.7. It has cash and short-term investments of ₹1.0M.
Key information
191.7%
Debt to equity ratio
₹1.10b
Debt
| Interest coverage ratio | 1.7x |
| Cash | ₹1.00m |
| Equity | ₹573.02m |
| Total liabilities | ₹2.53b |
| Total assets | ₹3.10b |
Recent financial health updates
Globe Textiles (India) (NSE:GLOBE) Seems To Be Using A Lot Of Debt
Jul 27
These 4 Measures Indicate That Globe Textiles (India) (NSE:GLOBE) Is Using Debt Extensively
Dec 26We Think Globe Textiles (India) (NSE:GLOBE) Is Taking Some Risk With Its Debt
Jul 02Globe Textiles (India) (NSE:GLOBE) Takes On Some Risk With Its Use Of Debt
Dec 10Is Globe Textiles (India) (NSE:GLOBE) Using Too Much Debt?
Jul 04Here's Why Globe Textiles (India) (NSE:GLOBE) Has A Meaningful Debt Burden
Feb 09
Recent updates
Globe Textiles (India) Limited's (NSE:GLOBE) Earnings Are Not Doing Enough For Some Investors
Jan 06Globe Textiles (India) (NSE:GLOBE) Seems To Be Using A Lot Of Debt
Jul 27Is Now The Time To Put Globe Textiles (India) (NSE:GLOBE) On Your Watchlist?
Jan 23These 4 Measures Indicate That Globe Textiles (India) (NSE:GLOBE) Is Using Debt Extensively
Dec 26Globe Textiles (India) (NSE:GLOBE) Knows How To Allocate Capital
Dec 02Should You Be Adding Globe Textiles (India) (NSE:GLOBE) To Your Watchlist Today?
Aug 04We Think Globe Textiles (India) (NSE:GLOBE) Is Taking Some Risk With Its Debt
Jul 02Globe Textiles (India) (NSE:GLOBE) Takes On Some Risk With Its Use Of Debt
Dec 10Is Globe Textiles (India) (NSE:GLOBE) Using Too Much Debt?
Jul 04Calculating The Fair Value Of Globe Textiles (India) Limited (NSE:GLOBE)
May 12Is Globe Textiles (India) Limited's (NSE:GLOBE) 7.7% ROE Better Than Average?
Mar 16Here's Why Globe Textiles (India) (NSE:GLOBE) Has A Meaningful Debt Burden
Feb 09Financial Position Analysis
Short Term Liabilities: GLOBE's short term assets (₹2.8B) exceed its short term liabilities (₹2.3B).
Long Term Liabilities: GLOBE's short term assets (₹2.8B) exceed its long term liabilities (₹225.0M).
Debt to Equity History and Analysis
Debt Level: GLOBE's net debt to equity ratio (191.5%) is considered high.
Reducing Debt: GLOBE's debt to equity ratio has increased from 142.1% to 191.7% over the past 5 years.
Debt Coverage: GLOBE's debt is not well covered by operating cash flow (0.7%).
Interest Coverage: GLOBE's interest payments on its debt are not well covered by EBIT (1.7x coverage).