Clough Global Equity Fund Balance Sheet Health
Financial Health criteria checks 4/6
Clough Global Equity Fund has a total shareholder equity of $121.5M and total debt of $29.0M, which brings its debt-to-equity ratio to 23.9%. Its total assets and total liabilities are $174.1M and $52.6M respectively. Clough Global Equity Fund's EBIT is $1.9M making its interest coverage ratio 0.5. It has cash and short-term investments of $32.0K.
Key information
23.9%
Debt to equity ratio
US$29.00m
Debt
Interest coverage ratio | 0.5x |
Cash | US$32.03k |
Equity | US$121.52m |
Total liabilities | US$52.56m |
Total assets | US$174.08m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GLQ's short term assets ($25.2M) exceed its short term liabilities ($23.4M).
Long Term Liabilities: GLQ's short term assets ($25.2M) do not cover its long term liabilities ($29.2M).
Debt to Equity History and Analysis
Debt Level: GLQ's net debt to equity ratio (23.8%) is considered satisfactory.
Reducing Debt: GLQ's debt to equity ratio has reduced from 56.9% to 23.9% over the past 5 years.
Debt Coverage: GLQ's debt is well covered by operating cash flow (280.9%).
Interest Coverage: GLQ's interest payments on its debt are not well covered by EBIT (0.5x coverage).