Globe Residency REIT Balance Sheet Health
Financial Health criteria checks 3/6
Globe Residency REIT has a total shareholder equity of PKR1.5B and total debt of PKR1.7B, which brings its debt-to-equity ratio to 113.6%. Its total assets and total liabilities are PKR4.9B and PKR3.4B respectively. Globe Residency REIT's EBIT is PKR217.8M making its interest coverage ratio -23. It has cash and short-term investments of PKR10.6M.
Key information
113.6%
Debt to equity ratio
PK₨1.72b
Debt
| Interest coverage ratio | -23x |
| Cash | PK₨10.56m |
| Equity | PK₨1.52b |
| Total liabilities | PK₨3.40b |
| Total assets | PK₨4.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GRR's short term assets (PKR4.9B) exceed its short term liabilities (PKR2.1B).
Long Term Liabilities: GRR's short term assets (PKR4.9B) exceed its long term liabilities (PKR1.3B).
Debt to Equity History and Analysis
Debt Level: GRR's net debt to equity ratio (112.9%) is considered high.
Reducing Debt: Insufficient data to determine if GRR's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: GRR's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: GRR earns more interest than it pays, so coverage of interest payments is not a concern.