Globe International Carriers Balance Sheet Health
Financial Health criteria checks 4/6
Globe International Carriers has a total shareholder equity of ₹285.3M and total debt of ₹169.2M, which brings its debt-to-equity ratio to 59.3%. Its total assets and total liabilities are ₹614.5M and ₹329.2M respectively. Globe International Carriers's EBIT is ₹51.9M making its interest coverage ratio 2.3. It has cash and short-term investments of ₹14.4M.
Key information
59.3%
Debt to equity ratio
₹169.18m
Debt
| Interest coverage ratio | 2.3x |
| Cash | ₹14.43m |
| Equity | ₹285.35m |
| Total liabilities | ₹329.20m |
| Total assets | ₹614.54m |
Recent financial health updates
No updates
Recent updates
Globe International Carriers Limited's (NSE:GICL) Share Price Is Still Matching Investor Opinion Despite 28% Slump
Mar 27
Calculating 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 (₹550.0M) exceed its short term liabilities (₹308.6M).
Long Term Liabilities: GICL's short term assets (₹550.0M) exceed its long term liabilities (₹20.6M).
Debt to Equity History and Analysis
Debt Level: GICL's net debt to equity ratio (54.2%) is considered high.
Reducing Debt: GICL's debt to equity ratio has reduced from 89.6% to 59.3% over the past 5 years.
Debt Coverage: GICL's debt is well covered by operating cash flow (35.7%).
Interest Coverage: GICL's interest payments on its debt are not well covered by EBIT (2.3x coverage).