Globus Retained Earnings vs Long Term Debt Total Analysis

GLBS Stock

USD 1.47 0.01 0.68%

Globus Maritime financial indicator trend analysis is much more than just examining Globus Maritime latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Globus Maritime is a good investment. Please check the relationship between Globus Maritime Retained Earnings and its Long Term Debt Total accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globus Maritime. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For more information on how to buy Globus Stock please use our How to Invest in Globus Maritime guide.

Retained Earnings vs Long Term Debt Total

Retained Earnings vs Long Term Debt Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Globus Maritime Retained Earnings account and Long Term Debt Total. At this time, the significance of the direction appears to have very week relationship.

The correlation between Globus Maritime's Retained Earnings and Long Term Debt Total is 0.24. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Long Term Debt Total in the same time period over historical financial statements of Globus Maritime, assuming nothing else is changed. The correlation between historical values of Globus Maritime's Retained Earnings and Long Term Debt Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Globus Maritime are associated (or correlated) with its Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt Total has no effect on the direction of Retained Earnings i.e., Globus Maritime's Retained Earnings and Long Term Debt Total go up and down completely randomly.

Correlation Coefficient

0.24

Relationship Direction	Positive
Relationship Strength	Very Weak

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Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Long Term Debt Total

Most indicators from Globus Maritime's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Globus Maritime current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Globus Maritime. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For more information on how to buy Globus Stock please use our How to Invest in Globus Maritime guide.At this time, Globus Maritime's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.1 in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	2.6M	2.3M	4.3M	2.6M
Depreciation And Amortization	6.7M	10.2M	8.9M	7.0M

Interest Expense Depreciation And Amortization

Globus Maritime fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross
Total Assets		0.62	0.26	0.08	0.86	-0.21	0.94	0.34	0.1	0.62	-0.68	0.59	0.95	-0.07	0.32	0.62	0.59	0.54	-0.13	0.32	0.48	0.12	0.42	0.13	0.61	0.9
Short Long Term Debt Total	0.62		0.25	0.54	0.14	-0.31	0.75	0.2	0.75	0.93	-0.37	0.07	0.73	-0.3	-0.24	0.75	0.07	0.43	0.11	-0.36	0.71	-0.42	-0.03	-0.65	1.0	0.26
Other Current Liab	0.26	0.25		-0.17	0.14	-0.17	0.25	0.13	0.21	0.15	-0.32	-0.01	0.25	-0.82	0.0	0.44	-0.01	0.03	-0.01	0.02	0.37	0.11	0.49	-0.09	0.28	0.25
Total Current Liabilities	0.08	0.54	-0.17		-0.26	0.07	0.17	-0.28	0.55	0.48	0.29	-0.18	0.16	0.03	-0.42	-0.05	-0.18	-0.06	0.37	-0.5	0.08	-0.45	-0.21	-0.49	0.54	-0.17
Total Stockholder Equity	0.86	0.14	0.14	-0.26		-0.07	0.7	0.29	-0.39	0.19	-0.67	0.75	0.72	0.14	0.62	0.3	0.75	0.46	-0.25	0.69	0.15	0.41	0.54	0.57	0.12	0.97
Other Liab	-0.21	-0.31	-0.17	0.07	-0.07		-0.2	-0.32	-0.17	-0.15	0.42	-0.12	-0.2	0.16	0.01	-0.49	-0.12	-0.03	-0.2	0.01	-0.14	-0.04	0.14	0.39	-0.3	-0.13
Property Plant And Equipment Net	0.94	0.75	0.25	0.17	0.7	-0.2		0.31	0.37	0.82	-0.62	0.34	1.0	-0.1	0.1	0.73	0.34	0.6	0.01	0.08	0.65	-0.08	0.34	-0.13	0.74	0.78
Current Deferred Revenue	0.34	0.2	0.13	-0.28	0.29	-0.32	0.31		0.04	0.17	-0.44	0.18	0.32	-0.22	-0.11	0.44	0.18	0.28	-0.13	0.03	0.19	0.02	-0.2	-0.01	0.21	0.32
Net Debt	0.1	0.75	0.21	0.55	-0.39	-0.17	0.37	0.04		0.77	0.12	-0.6	0.34	-0.34	-0.73	0.54	-0.6	0.12	0.35	-0.84	0.65	-0.59	-0.21	-0.86	0.76	-0.25
Retained Earnings	0.62	0.93	0.15	0.48	0.19	-0.15	0.82	0.17	0.77		-0.34	-0.03	0.8	-0.17	-0.26	0.76	-0.03	0.5	0.24	-0.38	0.81	-0.46	0.03	-0.61	0.93	0.3
Accounts Payable	-0.68	-0.37	-0.32	0.29	-0.67	0.42	-0.62	-0.44	0.12	-0.34		-0.63	-0.63	0.24	-0.48	-0.56	-0.63	-0.79	0.09	-0.54	-0.4	0.08	-0.27	-0.09	-0.34	-0.7
Cash	0.59	0.07	-0.01	-0.18	0.75	-0.12	0.34	0.18	-0.6	-0.03	-0.63		0.36	0.16	0.82	0.08	1.0	0.34	-0.39	0.83	-0.12	0.37	0.28	0.5	0.06	0.68
Non Current Assets Total	0.95	0.73	0.25	0.16	0.72	-0.2	1.0	0.32	0.34	0.8	-0.63	0.36		-0.09	0.13	0.72	0.36	0.6	-0.01	0.11	0.64	-0.06	0.35	-0.1	0.72	0.8
Non Currrent Assets Other	-0.07	-0.3	-0.82	0.03	0.14	0.16	-0.1	-0.22	-0.34	-0.17	0.24	0.16	-0.09		0.16	-0.43	0.16	-0.05	-0.11	0.19	-0.36	0.14	-0.1	0.27	-0.34	0.05
Other Assets	0.32	-0.24	0.0	-0.42	0.62	0.01	0.1	-0.11	-0.73	-0.26	-0.48	0.82	0.13	0.16		-0.1	0.82	0.21	-0.36	0.94	-0.22	0.58	0.41	0.6	-0.25	0.54
Long Term Debt	0.62	0.75	0.44	-0.05	0.3	-0.49	0.73	0.44	0.54	0.76	-0.56	0.08	0.72	-0.43	-0.1		0.08	0.39	0.2	-0.18	0.82	-0.18	0.08	-0.47	0.75	0.37
Cash And Short Term Investments	0.59	0.07	-0.01	-0.18	0.75	-0.12	0.34	0.18	-0.6	-0.03	-0.63	1.0	0.36	0.16	0.82	0.08		0.34	-0.39	0.83	-0.12	0.37	0.28	0.5	0.06	0.68
Net Receivables	0.54	0.43	0.03	-0.06	0.46	-0.03	0.6	0.28	0.12	0.5	-0.79	0.34	0.6	-0.05	0.21	0.39	0.34		-0.14	0.25	0.51	-0.44	0.16	-0.04	0.4	0.49
Common Stock Total Equity	-0.13	0.11	-0.01	0.37	-0.25	-0.2	0.01	-0.13	0.35	0.24	0.09	-0.39	-0.01	-0.11	-0.36	0.2	-0.39	-0.14		-0.41	0.23	-0.32	-0.13	-0.41	0.11	-0.24
Common Stock Shares Outstanding	0.32	-0.36	0.02	-0.5	0.69	0.01	0.08	0.03	-0.84	-0.38	-0.54	0.83	0.11	0.19	0.94	-0.18	0.83	0.25	-0.41		-0.33	0.55	0.41	0.73	-0.37	0.62
Non Current Liabilities Total	0.48	0.71	0.37	0.08	0.15	-0.14	0.65	0.19	0.65	0.81	-0.4	-0.12	0.64	-0.36	-0.22	0.82	-0.12	0.51	0.23	-0.33		-0.35	0.3	-0.5	0.7	0.21
Inventory	0.12	-0.42	0.11	-0.45	0.41	-0.04	-0.08	0.02	-0.59	-0.46	0.08	0.37	-0.06	0.14	0.58	-0.18	0.37	-0.44	-0.32	0.55	-0.35		0.48	0.59	-0.41	0.35
Other Current Assets	0.42	-0.03	0.49	-0.21	0.54	0.14	0.34	-0.2	-0.21	0.03	-0.27	0.28	0.35	-0.1	0.41	0.08	0.28	0.16	-0.13	0.41	0.3	0.48		0.38	-0.03	0.56
Other Stockholder Equity	0.13	-0.65	-0.09	-0.49	0.57	0.39	-0.13	-0.01	-0.86	-0.61	-0.09	0.5	-0.1	0.27	0.6	-0.47	0.5	-0.04	-0.41	0.73	-0.5	0.59	0.38		-0.66	0.43
Total Liab	0.61	1.0	0.28	0.54	0.12	-0.3	0.74	0.21	0.76	0.93	-0.34	0.06	0.72	-0.34	-0.25	0.75	0.06	0.4	0.11	-0.37	0.7	-0.41	-0.03	-0.66		0.25
Property Plant And Equipment Gross	0.9	0.26	0.25	-0.17	0.97	-0.13	0.78	0.32	-0.25	0.3	-0.7	0.68	0.8	0.05	0.54	0.37	0.68	0.49	-0.24	0.62	0.21	0.35	0.56	0.43	0.25

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Globus Maritime Account Relationship Matchups

Globus Maritime fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	55.7M	86.4M	185.7M	225.5M	231.4M	129.6M
Short Long Term Debt Total	38.4M	37.1M	32.2M	44.8M	52.4M	56.8M
Other Current Liab	622K	2.2M	3.6M	5.2M	1.8M	2.4M
Total Current Liabilities	8.7M	13.1M	12.1M	16.9M	9.5M	9.0M
Total Stockholder Equity	9.9M	42.1M	146.4M	170.7M	176.0M	93.0M
Other Liab	26K	31K	114K	148K	170.2K	137.5K
Property Plant And Equipment Net	48.9M	62.9M	131.7M	158.2M	148.1M	104.1M
Current Deferred Revenue	2.0M	285K	2.0M	416K	688K	619.1K
Net Debt	36.1M	18.1M	(13.0M)	(8.0M)	(21.8M)	(20.7M)
Retained Earnings	(135.6M)	(153.0M)	(138.1M)	(113.8M)	(108.5M)	(103.1M)
Accounts Payable	4.7M	4.8M	1.1M	3.5M	362K	343.9K
Cash	2.4M	19.0M	45.2M	52.8M	74.2M	77.9M
Non Current Assets Total	50.2M	64.2M	135.7M	163.1M	152.1M	106.6M
Long Term Debt	36.6M	30.9M	26.4M	37.5M	45.8M	38.8M
Cash And Short Term Investments	2.4M	19.0M	45.2M	52.8M	74.2M	77.9M
Net Receivables	240K	153K	1.0M	109K	1.2M	1.2M
Common Stock Total Equity	126K	13K	21K	12K	10.8K	10.3K
Common Stock Shares Outstanding	41.7K	959.2K	14.8M	20.6M	23.7M	24.9M
Liabilities And Stockholders Equity	55.7M	86.4M	185.7M	225.5M	231.4M	129.6M
Non Current Liabilities Total	37.0M	31.3M	27.1M	37.9M	45.9M	45.0M
Inventory	1.5M	1.2M	852K	3.0M	1.3M	954.4K
Other Current Assets	153K	1.8M	2.9M	6.4M	2.7M	2.6M
Other Stockholder Equity	243.0M	145.5M	195.1M	284.4M	327.1M	171.9M
Total Liab	45.8M	44.3M	39.2M	54.8M	55.4M	61.9M
Property Plant And Equipment Gross	48.9M	62.9M	250.7M	287.0M	245.0M	166.9M
Total Current Assets	5.5M	22.3M	49.9M	62.3M	79.3M	83.3M
Short Term Debt	1.4M	5.9M	5.4M	7.4M	6.7M	6.4M
Common Stock	13K	21K	12K	82K	94.3K	49.4K
Property Plant Equipment	48.9M	62.9M	131.7M	130.0M	117.0M	101.3M
Net Tangible Assets	9.9M	42.1M	146.4M	170.7M	196.3M	206.1M
Short Long Term Debt	1.2M	5.7M	4.9M	6.8M	6.5M	6.2M
Net Invested Capital	47.6M	78.6M	177.7M	215.0M	228.2M	143.1M

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