Globe Multi Ventures Balance Sheet Health
Financial Health criteria checks 4/6
Globe Multi Ventures has a total shareholder equity of ₹107.3M and total debt of ₹14.7M, which brings its debt-to-equity ratio to 13.7%. Its total assets and total liabilities are ₹510.5M and ₹403.2M respectively. Globe Multi Ventures's EBIT is ₹27.4M making its interest coverage ratio -63.3. It has cash and short-term investments of ₹310.8K.
Key information
13.7%
Debt to equity ratio
₹14.71m
Debt
| Interest coverage ratio | -63.3x |
| Cash | ₹310.76k |
| Equity | ₹107.35m |
| Total liabilities | ₹403.18m |
| Total assets | ₹510.53m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 540266's short term assets (₹432.5M) exceed its short term liabilities (₹388.5M).
Long Term Liabilities: 540266's short term assets (₹432.5M) exceed its long term liabilities (₹14.7M).
Debt to Equity History and Analysis
Debt Level: 540266's net debt to equity ratio (13.4%) is considered satisfactory.
Reducing Debt: 540266's debt to equity ratio has increased from 0% to 13.7% over the past 5 years.
Debt Coverage: 540266's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 540266 earns more interest than it pays, so coverage of interest payments is not a concern.