GL Events Balance Sheet Health
Financial Health criteria checks 3/6
GL Events has a total shareholder equity of €592.4M and total debt of €1.1B, which brings its debt-to-equity ratio to 192.1%. Its total assets and total liabilities are €3.0B and €2.4B respectively. GL Events's EBIT is €131.5M making its interest coverage ratio 4.5. It has cash and short-term investments of €584.5M.
Key information
192.1%
Debt to equity ratio
€1.14b
Debt
| Interest coverage ratio | 4.5x |
| Cash | €584.52m |
| Equity | €592.43m |
| Total liabilities | €2.37b |
| Total assets | €2.96b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GLCD.F's short term assets (€1.1B) exceed its short term liabilities (€899.7M).
Long Term Liabilities: GLCD.F's short term assets (€1.1B) do not cover its long term liabilities (€1.5B).
Debt to Equity History and Analysis
Debt Level: GLCD.F's net debt to equity ratio (93.4%) is considered high.
Reducing Debt: GLCD.F's debt to equity ratio has increased from 143.1% to 192.1% over the past 5 years.
Debt Coverage: GLCD.F's debt is well covered by operating cash flow (21.4%).
Interest Coverage: GLCD.F's interest payments on its debt are well covered by EBIT (4.5x coverage).