Glg Life Tech Corp
TSX:GLG
Bankruptcy Probability
Glg Life Tech Corp's probability of bankruptcy is 27.4%, signalling a meaningful chance of default. The solvency score is 15/100 — a sign of moderate financial strength.
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
Glg Life Tech Corp Competitors
| Country | Company | Market Cap | D/E | D/A |
Interest Coverage |
Altman Z-Score |
Quick Ratio |
Current Ratio |
Cash Ratio |
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|---|---|---|---|---|---|---|---|---|---|---|---|
| CA |
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Glg Life Tech Corp
TSX:GLG
|
1.9m CAD |
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| JP |
G
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Goyo Foods Industry Co Ltd
TSE:2230
|
53.2T JPY |
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| CH |
|
Nestle SA
SIX:NESN
|
214.2B CHF |
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| US |
|
Mondelez International Inc
NASDAQ:MDLZ
|
78.6B USD |
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| FR |
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Danone SA
PAR:BN
|
46.9B EUR |
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| ZA |
T
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Tiger Brands Ltd
JSE:TBS
|
51.7B ZAR |
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| US |
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Hershey Co
NYSE:HSY
|
47.8B USD |
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| ZA |
A
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Avi Ltd
JSE:AVI
|
37.6B ZAR |
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| CN |
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Muyuan Foods Co Ltd
SZSE:002714
|
256.1B CNY |
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| CH |
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Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
|
28.7B CHF |
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| CN |
|
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
|
210.5B CNY |
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Glg Life Tech Corp's probability of bankruptcy is 27.4%, signalling a meaningful chance of default.
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, Glg Life Tech Corp has total debt of 15.5m CAD. This includes both short-term (14.5m CAD) and long-term (1m CAD) debt.
You can find a full breakdown on its Balance Sheet.
