Globe Textiles (India) Ltd
NSE:GLOBE
Bankruptcy Probability
Globe Textiles (India) Ltd's probability of bankruptcy is 4%, pointing to a small but noticeable default risk. The solvency score is 36/100 — a warning sign of potential financial weakness.
We take all the information about a company's solvency (such as how easily a company can pay interest on its outstanding debt, how much cash it has, the amount of debt, and more) and use it to estimate the probability of bankruptcy.
Solvency Ratios
Solvency Ratios Comparison
Globe Textiles (India) Ltd Competitors
| Country | Company | Market Cap | D/E | D/A |
Interest Coverage |
Altman Z-Score |
Quick Ratio |
Current Ratio |
Cash Ratio |
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|---|---|---|---|---|---|---|---|---|---|---|---|
| IN |
|
Globe Textiles (India) Ltd
NSE:GLOBE
|
1.2B INR |
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| HK |
C
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Cecep Costin New Materials Group Ltd
HKEX:2228
|
45.5B HKD |
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| CN |
S
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Shijiazhuang ChangShan BeiMing Technology Co Ltd
SZSE:000158
|
32.2B CNY |
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| CN |
H
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Hmt Xiamen New Technical Materials Co Ltd
SSE:603306
|
25.6B CNY |
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| TW |
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Eclat Textile Co Ltd
TWSE:1476
|
116.9B TWD |
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| IN |
S
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Spentex Industries Ltd
NSE:SPENTEX
|
291.1B INR |
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| IN |
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Sumeet Industries Ltd
NSE:SUMEETINDS
|
260B INR |
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| CN |
W
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Weiqiao Textile Co Ltd
HKEX:2698
|
18.8B HKD |
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| UK |
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Coats Group PLC
LSE:COA
|
1.8B GBP |
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| TW |
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Ruentex Industries Ltd
TWSE:2915
|
55.7B TWD |
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| IN |
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Vardhman Textiles Ltd
NSE:VTL
|
152B INR |
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Globe Textiles (India) Ltd's probability of bankruptcy is 4%, pointing to a small but noticeable default risk.
The probability of bankruptcy is estimated using credit risk models that assess its financial health, debt levels, interest coverage, and other solvency indicators.
As of the latest report, Globe Textiles (India) Ltd has total debt of 1.5B INR. This includes both short-term (1.4B INR) and long-term (86.3m INR) debt.
You can find a full breakdown on its Balance Sheet.
