Globus Spirits Balance Sheet Health
Financial Health criteria checks 5/6
Globus Spirits has a total shareholder equity of ₹9.8B and total debt of ₹4.1B, which brings its debt-to-equity ratio to 41.5%. Its total assets and total liabilities are ₹19.4B and ₹9.6B respectively. Globus Spirits's EBIT is ₹637.7M making its interest coverage ratio 3. It has cash and short-term investments of ₹839.2M.
Key information
41.5%
Debt to equity ratio
₹4.07b
Debt
| Interest coverage ratio | 3x |
| Cash | ₹839.20m |
| Equity | ₹9.80b |
| Total liabilities | ₹9.61b |
| Total assets | ₹19.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 533104's short term assets (₹7.4B) exceed its short term liabilities (₹7.3B).
Long Term Liabilities: 533104's short term assets (₹7.4B) exceed its long term liabilities (₹2.3B).
Debt to Equity History and Analysis
Debt Level: 533104's net debt to equity ratio (32.9%) is considered satisfactory.
Reducing Debt: 533104's debt to equity ratio has reduced from 55.8% to 41.5% over the past 5 years.
Debt Coverage: 533104's debt is well covered by operating cash flow (27.9%).
Interest Coverage: 533104's interest payments on its debt are not well covered by EBIT (3x coverage).