Globe International Carriers Balance Sheet Health
Financial Health criteria checks 4/6
Globe International Carriers has a total shareholder equity of ₹540.1M and total debt of ₹204.9M, which brings its debt-to-equity ratio to 37.9%. Its total assets and total liabilities are ₹828.0M and ₹287.9M respectively. Globe International Carriers's EBIT is ₹53.5M making its interest coverage ratio 2.7. It has cash and short-term investments of ₹9.6M.
Key information
37.9%
Debt to equity ratio
₹204.94m
Debt
| Interest coverage ratio | 2.7x |
| Cash | ₹9.63m |
| Equity | ₹540.08m |
| Total liabilities | ₹287.88m |
| Total assets | ₹827.97m |
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 (₹696.2M) exceed its short term liabilities (₹266.1M).
Long Term Liabilities: GICL's short term assets (₹696.2M) exceed its long term liabilities (₹21.8M).
Debt to Equity History and Analysis
Debt Level: GICL's net debt to equity ratio (36.2%) is considered satisfactory.
Reducing Debt: GICL's debt to equity ratio has reduced from 90.4% to 37.9% 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 not well covered by EBIT (2.7x coverage).