Global United Insurance Balance Sheet Health
Financial Health criteria checks 5/6
Global United Insurance has a total shareholder equity of $23.3M and total debt of $1.6M, which brings its debt-to-equity ratio to 6.8%. Its total assets and total liabilities are $63.0M and $39.8M respectively. Global United Insurance's EBIT is $2.7M making its interest coverage ratio -5.8. It has cash and short-term investments of $3.4M.
Key information
6.8%
Debt to equity ratio
US$1.57m
Debt
Interest coverage ratio | -5.8x |
Cash | US$3.38m |
Equity | US$23.25m |
Total liabilities | US$39.78m |
Total assets | US$63.03m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GUI's short term assets ($32.4M) do not cover its short term liabilities ($35.5M).
Long Term Liabilities: GUI's short term assets ($32.4M) exceed its long term liabilities ($4.3M).
Debt to Equity History and Analysis
Debt Level: GUI has more cash than its total debt.
Reducing Debt: GUI's debt to equity ratio has reduced from 7.2% to 6.8% over the past 5 years.
Debt Coverage: GUI's debt is well covered by operating cash flow (113%).
Interest Coverage: GUI earns more interest than it pays, so coverage of interest payments is not a concern.