GrainCorp Balance Sheet Health
Financial Health criteria checks 6/6
GrainCorp has a total shareholder equity of A$1.6B and total debt of A$981.7M, which brings its debt-to-equity ratio to 61.7%. Its total assets and total liabilities are A$3.4B and A$1.8B respectively. GrainCorp's EBIT is A$189.9M making its interest coverage ratio 3.2. It has cash and short-term investments of A$734.8M.
Key information
61.7%
Debt to equity ratio
AU$981.70m
Debt
| Interest coverage ratio | 3.2x |
| Cash | AU$734.80m |
| Equity | AU$1.59b |
| Total liabilities | AU$1.83b |
| Total assets | AU$3.42b |
Recent financial health updates
GrainCorp (ASX:GNC) Has A Somewhat Strained Balance Sheet
Dec 05
GrainCorp (ASX:GNC) Has A Somewhat Strained Balance Sheet
Jun 13GrainCorp (ASX:GNC) Has A Pretty Healthy Balance Sheet
Jan 18We Think GrainCorp (ASX:GNC) Is Taking Some Risk With Its Debt
Aug 04Here's Why GrainCorp (ASX:GNC) Can Manage Its Debt Responsibly
Dec 29Is GrainCorp (ASX:GNC) Using Too Much Debt?
May 27Recent updates
Is Now The Time To Look At Buying GrainCorp Limited (ASX:GNC)?
Apr 02Improved Earnings Required Before GrainCorp Limited (ASX:GNC) Shares Find Their Feet
Mar 08GrainCorp (ASX:GNC) Has A Somewhat Strained Balance Sheet
Dec 05Calculating The Intrinsic Value Of GrainCorp Limited (ASX:GNC)
Jun 29GrainCorp (ASX:GNC) Has A Somewhat Strained Balance Sheet
Jun 13When Should You Buy GrainCorp Limited (ASX:GNC)?
Feb 17GrainCorp (ASX:GNC) Has A Pretty Healthy Balance Sheet
Jan 18Calculating The Fair Value Of GrainCorp Limited (ASX:GNC)
Dec 20Revenue Beat: GrainCorp Limited Exceeded Revenue Forecasts By 7.4% And Analysts Are Updating Their Estimates
Nov 17At AU$8.59, Is GrainCorp Limited (ASX:GNC) Worth Looking At Closely?
Sep 12Calculating The Intrinsic Value Of GrainCorp Limited (ASX:GNC)
Aug 22We Think GrainCorp (ASX:GNC) Is Taking Some Risk With Its Debt
Aug 04GrainCorp's (ASX:GNC) Upcoming Dividend Will Be Larger Than Last Year's
Jun 03Is GrainCorp Limited (ASX:GNC) Potentially Undervalued?
May 13Upgrade: Analysts Just Made A Substantial Increase To Their GrainCorp Limited (ASX:GNC) Forecasts
Apr 18GrainCorp Limited's (ASX:GNC) Intrinsic Value Is Potentially 40% Above Its Share Price
Feb 28Is Now An Opportune Moment To Examine GrainCorp Limited (ASX:GNC)?
Jan 19Here's Why GrainCorp (ASX:GNC) Can Manage Its Debt Responsibly
Dec 29GrainCorp Limited's (ASX:GNC) Intrinsic Value Is Potentially 45% Above Its Share Price
Nov 19Is GrainCorp (ASX:GNC) Using Too Much Debt?
May 27Is Now An Opportune Moment To Examine GrainCorp Limited (ASX:GNC)?
Mar 25Should GrainCorp Limited (ASX:GNC) Be Part Of Your Dividend Portfolio?
Mar 07Is GrainCorp (ASX:GNC) A Risky Investment?
Feb 17
Is GrainCorp Limited (ASX:GNC) Trading At A 34% Discount?
Feb 01Could The GrainCorp Limited (ASX:GNC) Ownership Structure Tell Us Something Useful?
Jan 17We're Not Counting On GrainCorp (ASX:GNC) To Sustain Its Statutory Profitability
Jan 02Should You Think About Buying GrainCorp Limited (ASX:GNC) Now?
Dec 18How Much Have GrainCorp (ASX:GNC) Shareholders Earned On Their Investment Over The Last Five Years?
Dec 03Financial Position Analysis
Short Term Liabilities: GNC's short term assets (A$2.4B) exceed its short term liabilities (A$1.4B).
Long Term Liabilities: GNC's short term assets (A$2.4B) exceed its long term liabilities (A$382.6M).
Debt to Equity History and Analysis
Debt Level: GNC's net debt to equity ratio (15.5%) is considered satisfactory.
Reducing Debt: GNC's debt to equity ratio has reduced from 66.7% to 61.7% over the past 5 years.
Debt Coverage: GNC's debt is well covered by operating cash flow (58.6%).
Interest Coverage: GNC's interest payments on its debt are well covered by EBIT (3.2x coverage).