Clough Global Opportunities Fund Balance Sheet Health
Financial Health criteria checks 4/6
Clough Global Opportunities Fund has a total shareholder equity of $222.7M and total debt of $52.0M, which brings its debt-to-equity ratio to 23.4%. Its total assets and total liabilities are $317.6M and $94.9M respectively. Clough Global Opportunities Fund's EBIT is $3.6M making its interest coverage ratio 0.5. It has cash and short-term investments of $58.6K.
Key information
23.4%
Debt to equity ratio
US$52.00m
Debt
Interest coverage ratio | 0.5x |
Cash | US$58.59k |
Equity | US$222.69m |
Total liabilities | US$94.87m |
Total assets | US$317.56m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GLO's short term assets ($45.9M) exceed its short term liabilities ($42.9M).
Long Term Liabilities: GLO's short term assets ($45.9M) do not cover its long term liabilities ($52.0M).
Debt to Equity History and Analysis
Debt Level: GLO's net debt to equity ratio (23.3%) is considered satisfactory.
Reducing Debt: GLO's debt to equity ratio has reduced from 60.8% to 23.4% over the past 5 years.
Debt Coverage: GLO's debt is well covered by operating cash flow (284.6%).
Interest Coverage: GLO's interest payments on its debt are not well covered by EBIT (0.5x coverage).