Globe Residency REIT Balance Sheet Health
Financial Health criteria checks 3/6
Globe Residency REIT has a total shareholder equity of PKR1.7B and total debt of PKR1.3B, which brings its debt-to-equity ratio to 78.7%. Its total assets and total liabilities are PKR4.4B and PKR2.7B respectively. Globe Residency REIT's EBIT is PKR42.3M making its interest coverage ratio -2. It has cash and short-term investments of PKR19.7M.
Key information
78.7%
Debt to equity ratio
PK₨1.32b
Debt
Interest coverage ratio | -2x |
Cash | PK₨19.71m |
Equity | PK₨1.67b |
Total liabilities | PK₨2.70b |
Total assets | PK₨4.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GRR's short term assets (PKR4.4B) exceed its short term liabilities (PKR1.5B).
Long Term Liabilities: GRR's short term assets (PKR4.4B) exceed its long term liabilities (PKR1.2B).
Debt to Equity History and Analysis
Debt Level: GRR's net debt to equity ratio (77.5%) 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 debt is not well covered by operating cash flow (19.2%).
Interest Coverage: GRR earns more interest than it pays, so coverage of interest payments is not a concern.