Globe Trade Centre Balance Sheet Health
Financial Health criteria checks 1/6
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 116.2%. Its total assets and total liabilities are €2.8B and €1.6B respectively. Globe Trade Centre's EBIT is €103.6M making its interest coverage ratio 3.1. It has cash and short-term investments of €88.6M.
Key information
116.2%
Debt to equity ratio
€1.31b
Debt
| Interest coverage ratio | 3.1x |
| Cash | €88.60m |
| Equity | €1.13b |
| Total liabilities | €1.63b |
| Total assets | €2.75b |
Recent financial health updates
Is Globe Trade Centre (WSE:GTC) A Risky Investment?
Jul 18
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 There An Opportunity With Globe Trade Centre S.A.'s (WSE:GTC) 36% Undervaluation?
Sep 30Is Globe Trade Centre (WSE:GTC) A Risky Investment?
Jul 18Some Investors May Be Willing To Look Past Globe Trade Centre's (WSE:GTC) Soft Earnings
May 02Is 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 29
Globe 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 (€191.3M) do not cover its short term liabilities (€225.9M).
Long Term Liabilities: GTC's short term assets (€191.3M) do not cover its long term liabilities (€1.4B).
Debt to Equity History and Analysis
Debt Level: GTC's net debt to equity ratio (108.4%) is considered high.
Reducing Debt: GTC's debt to equity ratio has increased from 113.5% to 116.2% over the past 5 years.
Debt Coverage: GTC's debt is not well covered by operating cash flow (7.8%).
Interest Coverage: GTC's interest payments on its debt are well covered by EBIT (3.1x coverage).