Globe International Carriers Balance Sheet Health
Financial Health criteria checks 4/6
Globe International Carriers has a total shareholder equity of ₹553.5M and total debt of ₹246.2M, which brings its debt-to-equity ratio to 44.5%. Its total assets and total liabilities are ₹877.6M and ₹324.1M respectively. Globe International Carriers's EBIT is ₹59.9M making its interest coverage ratio 3.2. It has cash and short-term investments of ₹11.2M.
Key information
44.5%
Debt to equity ratio
₹246.15m
Debt
| Interest coverage ratio | 3.2x |
| Cash | ₹11.24m |
| Equity | ₹553.47m |
| Total liabilities | ₹324.13m |
| Total assets | ₹877.60m |
Recent financial health updates
Recent updates
Why We're Not Concerned Yet About Globe International Carriers Limited's (NSE:GICL) 26% Share Price Plunge
Oct 10
Does Globe International Carriers (NSE:GICL) Deserve A Spot On Your Watchlist?
Sep 27Here's Why Globe International Carriers (NSE:GICL) Can Manage Its Debt Responsibly
Aug 13Investors Appear Satisfied With Globe International Carriers Limited's (NSE:GICL) Prospects As Shares Rocket 35%
Jul 05Globe International Carriers Limited's (NSE:GICL) Share Price Is Still Matching Investor Opinion Despite 28% Slump
Mar 27Calculating The Fair Value Of Globe International Carriers Limited (NSE:GICL)
Mar 18Earnings Tell The Story For Globe International Carriers Limited (NSE:GICL) As Its Stock Soars 51%
Feb 01Globe International Carriers Limited's (NSE:GICL) 40% Jump Shows Its Popularity With Investors
Dec 18Is Now The Time To Put Globe International Carriers (NSE:GICL) On Your Watchlist?
Oct 31We Ran A Stock Scan For Earnings Growth And Globe International Carriers (NSE:GICL) Passed With Ease
Feb 11Globe International Carriers Limited's (NSE:GICL) 35% Price Boost Is Out Of Tune With Earnings
Jun 04Calculating The Fair Value Of Globe International Carriers Limited (NSE:GICL)
Apr 14Financial Position Analysis
Short Term Liabilities: GICL's short term assets (₹694.2M) exceed its short term liabilities (₹284.5M).
Long Term Liabilities: GICL's short term assets (₹694.2M) exceed its long term liabilities (₹39.7M).
Debt to Equity History and Analysis
Debt Level: GICL's net debt to equity ratio (42.4%) is considered high.
Reducing Debt: GICL's debt to equity ratio has reduced from 78% to 44.5% over the past 5 years.
Debt Coverage: GICL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: GICL's interest payments on its debt are well covered by EBIT (3.2x coverage).