Globe Trade Centre Balance Sheet Health
Financial Health criteria checks 2/6
Globe Trade Centre has a total shareholder equity of €1.1B and total debt of €1.3B, which brings its debt-to-equity ratio to 113.1%. Its total assets and total liabilities are €2.7B and €1.5B respectively. Globe Trade Centre's EBIT is €101.6M making its interest coverage ratio 3.3. It has cash and short-term investments of €60.4M.
Key information
113.1%
Debt to equity ratio
€1.27b
Debt
Interest coverage ratio | 3.3x |
Cash | €60.40m |
Equity | €1.13b |
Total liabilities | €1.53b |
Total assets | €2.66b |
Recent financial health updates
Is Globe Trade Centre (WSE:GTC) Using Too Much Debt?
Mar 02These 4 Measures Indicate That Globe Trade Centre (WSE:GTC) Is Using Debt Extensively
Mar 23Globe Trade Centre (WSE:GTC) Takes On Some Risk With Its Use Of Debt
Dec 03Recent updates
Is Globe Trade Centre (WSE:GTC) Using Too Much Debt?
Mar 02Is It Time To Consider Buying Globe Trade Centre S.A. (WSE:GTC)?
Apr 19These 4 Measures Indicate That Globe Trade Centre (WSE:GTC) Is Using Debt Extensively
Mar 23Calculating The Intrinsic Value Of Globe Trade Centre S.A. (WSE:GTC)
Feb 22Globe Trade Centre (WSE:GTC) Share Prices Have Dropped 32% In The Last Three Years
Jan 26Is There Now An Opportunity In Globe Trade Centre S.A. (WSE:GTC)?
Dec 29Globe Trade Centre (WSE:GTC) Takes On Some Risk With Its Use Of Debt
Dec 03Financial Position Analysis
Short Term Liabilities: GTC's short term assets (€175.9M) exceed its short term liabilities (€86.4M).
Long Term Liabilities: GTC's short term assets (€175.9M) do not cover its long term liabilities (€1.4B).
Debt to Equity History and Analysis
Debt Level: GTC's net debt to equity ratio (107.8%) is considered high.
Reducing Debt: GTC's debt to equity ratio has increased from 109.3% to 113.1% over the past 5 years.
Debt Coverage: GTC's debt is not well covered by operating cash flow (7.5%).
Interest Coverage: GTC's interest payments on its debt are well covered by EBIT (3.3x coverage).