Glanbia Balance Sheet Health
Financial Health criteria checks 6/6
Glanbia has a total shareholder equity of $2.1B and total debt of $701.8M, which brings its debt-to-equity ratio to 33.9%. Its total assets and total liabilities are $3.7B and $1.6B respectively. Glanbia's EBIT is $304.7M making its interest coverage ratio 20. It has cash and short-term investments of $252.7M.
Key information
33.9%
Debt to equity ratio
US$701.80m
Debt
Interest coverage ratio | 20x |
Cash | US$252.70m |
Equity | US$2.07b |
Total liabilities | US$1.62b |
Total assets | US$3.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GLB N's short term assets ($1.4B) exceed its short term liabilities ($818.4M).
Long Term Liabilities: GLB N's short term assets ($1.4B) exceed its long term liabilities ($800.0M).
Debt to Equity History and Analysis
Debt Level: GLB N's net debt to equity ratio (21.7%) is considered satisfactory.
Reducing Debt: GLB N's debt to equity ratio has reduced from 36.4% to 33.9% over the past 5 years.
Debt Coverage: GLB N's debt is well covered by operating cash flow (56.5%).
Interest Coverage: GLB N's interest payments on its debt are well covered by EBIT (20x coverage).