Genesis Land Development Balance Sheet Health
Financial Health criteria checks 4/6
Genesis Land Development has a total shareholder equity of CA$247.9M and total debt of CA$97.9M, which brings its debt-to-equity ratio to 39.5%. Its total assets and total liabilities are CA$438.3M and CA$190.5M respectively. Genesis Land Development's EBIT is CA$28.9M making its interest coverage ratio 14.2. It has cash and short-term investments of CA$39.2M.
Key information
39.5%
Debt to equity ratio
CA$97.89m
Debt
Interest coverage ratio | 14.2x |
Cash | CA$39.23m |
Equity | CA$247.85m |
Total liabilities | CA$190.49m |
Total assets | CA$438.35m |
Recent financial health updates
Recent updates
Shareholders May Not Be So Generous With Genesis Land Development Corp.'s (TSE:GDC) CEO Compensation And Here's Why
May 09We Ran A Stock Scan For Earnings Growth And Genesis Land Development (TSE:GDC) Passed With Ease
Apr 23Fewer Investors Than Expected Jumping On Genesis Land Development Corp. (TSE:GDC)
Mar 08Here's Why Genesis Land Development (TSE:GDC) Has Caught The Eye Of Investors
Sep 20These 4 Measures Indicate That Genesis Land Development (TSE:GDC) Is Using Debt Reasonably Well
Jun 10Would Shareholders Who Purchased Genesis Land Development's (TSE:GDC) Stock Three Years Be Happy With The Share price Today?
Mar 15Did Genesis Land Development Corp. (TSE:GDC) Insiders Buy Up More Shares?
Jan 11Should You Use Genesis Land Development's (TSE:GDC) Statutory Earnings To Analyse It?
Dec 21What Type Of Returns Would Genesis Land Development's(TSE:GDC) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?
Nov 30Financial Position Analysis
Short Term Liabilities: GDC's short term assets (CA$418.7M) exceed its short term liabilities (CA$68.0M).
Long Term Liabilities: GDC's short term assets (CA$418.7M) exceed its long term liabilities (CA$122.5M).
Debt to Equity History and Analysis
Debt Level: GDC's net debt to equity ratio (23.7%) is considered satisfactory.
Reducing Debt: GDC's debt to equity ratio has increased from 9% to 39.5% over the past 5 years.
Debt Coverage: GDC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: GDC's interest payments on its debt are well covered by EBIT (14.2x coverage).