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Global Spectrum Energy Services Balance Sheet Health
Financial Health criteria checks 4/6
Global Spectrum Energy Services has a total shareholder equity of NGN5.2B and total debt of NGN79.8M, which brings its debt-to-equity ratio to 1.5%. Its total assets and total liabilities are NGN6.6B and NGN1.3B respectively. Global Spectrum Energy Services's EBIT is NGN350.2M making its interest coverage ratio 30.8. It has cash and short-term investments of NGN594.1M.
Key information
1.5%
Debt to equity ratio
₦79.80m
Debt
| Interest coverage ratio | 30.8x |
| Cash | ₦594.13m |
| Equity | ₦5.23b |
| Total liabilities | ₦1.32b |
| Total assets | ₦6.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GSPECPLC's short term assets (NGN2.8B) exceed its short term liabilities (NGN1.1B).
Long Term Liabilities: GSPECPLC's short term assets (NGN2.8B) exceed its long term liabilities (NGN220.9M).
Debt to Equity History and Analysis
Debt Level: GSPECPLC has more cash than its total debt.
Reducing Debt: Insufficient data to determine if GSPECPLC's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: GSPECPLC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: GSPECPLC's interest payments on its debt are well covered by EBIT (30.8x coverage).