GrainCorp Balance Sheet Health
Financial Health criteria checks 4/6
GrainCorp has a total shareholder equity of A$1.6B and total debt of A$1.3B, which brings its debt-to-equity ratio to 81.3%. Its total assets and total liabilities are A$3.7B and A$2.1B respectively. GrainCorp's EBIT is A$131.2M making its interest coverage ratio 2.5. It has cash and short-term investments of A$514.9M.
Key information
81.3%
Debt to equity ratio
AU$1.28b
Debt
Interest coverage ratio | 2.5x |
Cash | AU$514.90m |
Equity | AU$1.57b |
Total liabilities | AU$2.10b |
Total assets | AU$3.67b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GNC's short term assets (A$2.7B) exceed its short term liabilities (A$1.7B).
Long Term Liabilities: GNC's short term assets (A$2.7B) exceed its long term liabilities (A$393.4M).
Debt to Equity History and Analysis
Debt Level: GNC's net debt to equity ratio (48.6%) is considered high.
Reducing Debt: GNC's debt to equity ratio has reduced from 109% to 81.3% over the past 5 years.
Debt Coverage: GNC's debt is well covered by operating cash flow (28.5%).
Interest Coverage: GNC's interest payments on its debt are not well covered by EBIT (2.5x coverage).