Globus Maritime Balance Sheet Health
Financial Health criteria checks 4/6
Globus Maritime has a total shareholder equity of $179.0M and total debt of $72.3M, which brings its debt-to-equity ratio to 40.4%. Its total assets and total liabilities are $256.3M and $77.4M respectively. Globus Maritime's EBIT is $2.1M making its interest coverage ratio 1.5. It has cash and short-term investments of $70.8M.
Key information
40.4%
Debt to equity ratio
US$72.31m
Debt
| Interest coverage ratio | 1.5x |
| Cash | US$70.77m |
| Equity | US$178.95m |
| Total liabilities | US$77.37m |
| Total assets | US$256.32m |
Recent financial health updates
These 4 Measures Indicate That Globus Maritime (NASDAQ:GLBS) Is Using Debt Extensively
Nov 11
Globus Maritime (NASDAQ:GLBS) Has A Pretty Healthy Balance Sheet
May 24Is Globus Maritime (NASDAQ:GLBS) Using Debt In A Risky Way?
Aug 27Recent updates
Investors Will Want Globus Maritime's (NASDAQ:GLBS) Growth In ROCE To Persist
Nov 21Globus Maritime Limited (NASDAQ:GLBS) Held Back By Insufficient Growth Even After Shares Climb 29%
Sep 20Globus Maritime's (NASDAQ:GLBS) Problems Go Beyond Poor Profit
Jun 19One Globus Maritime Limited (NASDAQ:GLBS) Analyst Just Made A Major Cut To Next Year's Estimates
Jun 14Globus Maritime Limited (NASDAQ:GLBS) Screens Well But There Might Be A Catch
May 10These 4 Measures Indicate That Globus Maritime (NASDAQ:GLBS) Is Using Debt Extensively
Nov 11Globus Maritime's (NASDAQ:GLBS) Returns On Capital Are Heading Higher
Oct 05News Flash: One Globus Maritime Limited (NASDAQ:GLBS) Analyst Has Been Trimming Their Revenue Forecasts
Aug 30Investors Interested In Globus Maritime Limited's (NASDAQ:GLBS) Revenues
Aug 01Globus Maritime (NASDAQ:GLBS) Has A Pretty Healthy Balance Sheet
May 24This Globus Maritime Limited (NASDAQ:GLBS) Analyst Is Way More Bearish Than They Used To Be
Dec 03Globus Maritime: Downgrading Shares On Newbuilding Risk Amid Weaker Dry Bulk Markets
Sep 25Globus Maritime Limited Just Recorded A 23% EPS Beat: Here's What Analysts Are Forecasting Next
Aug 19Returns On Capital Are Showing Encouraging Signs At Globus Maritime (NASDAQ:GLBS)
Jul 05Globus Maritime: Small Dry Bulk Shipper Trading At An Almost 80% Discount To Net Asset Value
Apr 29Globus Maritime (NASDAQ:GLBS) Might Have The Makings Of A Multi-Bagger
Mar 22Globus Maritime's (NASDAQ:GLBS) Earnings Aren't As Good As They Appear
Dec 07Globus Maritime - H2 Results Likely To Be Great With Legacy Charters Expiring
Sep 28Is Globus Maritime (NASDAQ:GLBS) Using Debt In A Risky Way?
Aug 27Globus Maritime takes delivery of Kamsarmax dry bulk carrier
Jun 15Globus Maritime inks new charter for its Supermax dry bulk vessel
Feb 01Globus Maritime announces new charter for the M/V Galaxy Globe
Nov 09Financial Position Analysis
Short Term Liabilities: GLBS's short term assets ($87.9M) exceed its short term liabilities ($12.0M).
Long Term Liabilities: GLBS's short term assets ($87.9M) exceed its long term liabilities ($65.4M).
Debt to Equity History and Analysis
Debt Level: GLBS's net debt to equity ratio (0.9%) is considered satisfactory.
Reducing Debt: GLBS's debt to equity ratio has reduced from 92.5% to 40.4% over the past 5 years.
Debt Coverage: GLBS's debt is not well covered by operating cash flow (10.4%).
Interest Coverage: GLBS's interest payments on its debt are not well covered by EBIT (1.5x coverage).