Globus Maritime (GLBS) Balance Sheet: Assets & Liabilities

Globus Maritime (GLBS) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Globus Maritime reported total assets of $288.82M and total liabilities of $112.83M. Shareholders' equity was $175.99M, down 0.2% from $176.40M a year earlier. Total debt stood at $57.83M against $26.25M in cash and short-term investments, a net debt position of $31.58M. That puts debt-to-equity at 0.33, compared with 0.78 a year earlier.

Globus Maritime Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Globus Maritime Limited (GLBS) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	26.25	46.84	74.20	52.83	45.21	19.04	2.37	0.05	2.76
Cash & Short-Term Investments	26.25	46.84	74.20	52.83	45.21	19.04	2.37	0.05	2.76
Accounts Receivable	0.65	1.11	1.15	0.11	1.00	0.15	0.24	0.58	0.18
Inventory	2.22	1.23	1.26	3.03	0.85	1.25	1.55	0.65	0.66
Other Current Assets	1.28	3.87	1.79	6.36	1.22	1.84	1.34	1.52	0.64
Total Current Assets	30.97	53.04	79.30	62.33	49.94	22.28	5.49	2.79	4.23
Non-Current Assets
Property, Plant & Equipment (Net)	255.84	264.98	148.07	158.22	131.71	62.90	48.91	83.75	87.32
Long-Term Investments	2.00	2.95	4.03	4.91	3.99	1.25	1.25	0.00	0.00
Other Non-Current Assets	2.01	0.01	3.54	4.92	3.59	0.01	0.01	0.13	0.05
Total Non-Current Assets	257.85	267.94	152.11	163.13	135.71	64.16	50.17	83.88	87.37
Total Assets	288.82	320.99	231.40	225.46	185.65	86.44	55.66	86.67	91.60
Current Liabilities
Accounts Payable	1.97	3.59	0.36	3.55	1.10	4.76	4.74	6.43	4.26
Short-Term Debt	6.10	28.14	6.50	6.80	5.04	5.86	1.40	35.37	41.54
Current Portion of Long-Term Debt	7.98	27.81	6.50	6.80	5.04	5.67	-	-	-
Accrued Liabilities	0.74	2.00	1.65	5.81	3.44	2.11	-	-	-
Deferred Revenue	0.45	0.70	0.69	0.42	2.04	0.29	1.97	0.09	0.30
Other Current Liabilities	0.91	2.16	0.12	0.08	0.09	2.16	0.62	1.32	1.46
Total Current Liabilities	11.31	34.58	9.50	16.90	12.13	13.06	8.73	43.21	47.55
Non-Current Liabilities
Long-Term Debt	51.74	109.82	45.76	37.52	26.44	31.25	37.02	1.50	41.54
Other Non-Current Liabilities	0.25	0.19	0.17	0.15	0.11	0.03	0.03	0.92	6.10
Total Non-Current Liabilities	101.52	110.01	45.93	37.86	27.11	31.29	37.05	45.62	47.64
Total Liabilities	112.83	144.59	55.43	54.76	39.23	44.35	45.78	45.62	47.64
Stockholders' Equity
Common Stock	0.09	0.08	0.08	0.08	0.08	0.01	0.02	0.01	0.13
Retained Earnings	-109.83	-108.09	-108.52	-113.79	-138.07	-153.02	-135.65	-99.30	-95.73
Accumulated Other Comprehensive Income	0.00	0.00	0.00	-	0.00	0.00	0.00	-102.66	0.00
Additional Paid-in Capital	285.74	284.41	284.41	284.41	284.41	195.10	145.53	140.33	139.68
Shares Outstanding	21.58	20.58	20.58	20.58	20.58	-	-	-	-
Total Stockholders' Equity	175.99	176.40	175.97	170.70	146.42	42.09	9.88	41.05	43.97
Total Liabilities & Equity	288.82	320.99	231.40	225.46	185.65	86.44	55.66	86.67	91.60

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Globus Maritime Balance Sheet

How much debt does Globus Maritime have?

Globus Maritime had total debt of $57.83M as of Dec 31, 2025, against $26.25M in cash and short-term investments. Its debt-to-equity ratio was 0.33. Total debt was $137.95M a year earlier.

What are Globus Maritime's total assets?

Globus Maritime reported total assets of $288.82M as of Dec 31, 2025, down 10.0% from $320.99M a year earlier. Total liabilities were $112.83M.

What is Globus Maritime's shareholders' equity?

Globus Maritime's shareholders' equity was $175.99M as of Dec 31, 2025, or about $8.15 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition