Globe Industries Balance Sheet Health
Financial Health criteria checks 6/6
Globe Industries has a total shareholder equity of NT$971.1M and total debt of NT$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are NT$1.2B and NT$240.6M respectively. Globe Industries's EBIT is NT$40.7M making its interest coverage ratio 636.4. It has cash and short-term investments of NT$481.2M.
Key information
0%
Debt to equity ratio
NT$0
Debt
| Interest coverage ratio | 636.4x |
| Cash | NT$481.22m |
| Equity | NT$971.10m |
| Total liabilities | NT$240.55m |
| Total assets | NT$1.21b |
Financial Position Analysis
Short Term Liabilities: 1324's short term assets (NT$816.7M) exceed its short term liabilities (NT$218.1M).
Long Term Liabilities: 1324's short term assets (NT$816.7M) exceed its long term liabilities (NT$22.5M).
Debt to Equity History and Analysis
Debt Level: 1324 is debt free.
Reducing Debt: 1324 has not had any debt for past 5 years.
Debt Coverage: 1324 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 1324 has no debt, therefore coverage of interest payments is not a concern.