Globex Mining Enterprises Balance Sheet Health
Financial Health criteria checks 6/6
Globex Mining Enterprises has a total shareholder equity of CA$32.3M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$32.4M and CA$171.4K respectively. Globex Mining Enterprises's EBIT is CA$1.3M making its interest coverage ratio -1.3. It has cash and short-term investments of CA$24.6M.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | -1.3x |
Cash | CA$24.63m |
Equity | CA$32.25m |
Total liabilities | CA$171.40k |
Total assets | CA$32.42m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GLBX.F's short term assets (CA$28.3M) exceed its short term liabilities (CA$171.4K).
Long Term Liabilities: GLBX.F has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: GLBX.F is debt free.
Reducing Debt: GLBX.F has no debt compared to 5 years ago when its debt to equity ratio was 1.5%.
Debt Coverage: GLBX.F has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: GLBX.F has no debt, therefore coverage of interest payments is not a concern.