Globavend Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Globavend Holdings has a total shareholder equity of $4.4M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $6.0M and $1.7M respectively. Globavend Holdings's EBIT is $1.9M making its interest coverage ratio -62. It has cash and short-term investments of $3.6M.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | -62x |
| Cash | US$3.62m |
| Equity | US$4.37m |
| Total liabilities | US$1.67m |
| Total assets | US$6.03m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GVH's short term assets ($5.1M) exceed its short term liabilities ($1.6M).
Long Term Liabilities: GVH's short term assets ($5.1M) exceed its long term liabilities ($59.7K).
Debt to Equity History and Analysis
Debt Level: GVH is debt free.
Reducing Debt: GVH has not had any debt for past 5 years.
Debt Coverage: GVH has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: GVH has no debt, therefore coverage of interest payments is not a concern.