Globe Telecom Balance Sheet Health
Financial Health criteria checks 3/6
Globe Telecom has a total shareholder equity of ₱169.1B and total debt of ₱240.9B, which brings its debt-to-equity ratio to 142.5%. Its total assets and total liabilities are ₱628.9B and ₱459.8B respectively. Globe Telecom's EBIT is ₱39.3B making its interest coverage ratio 3.4. It has cash and short-term investments of ₱22.3B.
Key information
142.5%
Debt to equity ratio
₱240.94b
Debt
| Interest coverage ratio | 3.4x |
| Cash | ₱22.26b |
| Equity | ₱169.08b |
| Total liabilities | ₱459.84b |
| Total assets | ₱628.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GTME.Y's short term assets (₱77.5B) do not cover its short term liabilities (₱125.2B).
Long Term Liabilities: GTME.Y's short term assets (₱77.5B) do not cover its long term liabilities (₱334.6B).
Debt to Equity History and Analysis
Debt Level: GTME.Y's net debt to equity ratio (129.3%) is considered high.
Reducing Debt: GTME.Y's debt to equity ratio has reduced from 162.4% to 142.5% over the past 5 years.
Debt Coverage: GTME.Y's debt is well covered by operating cash flow (38%).
Interest Coverage: GTME.Y's interest payments on its debt are well covered by EBIT (3.4x coverage).