GEM Balance Sheet Health
Financial Health criteria checks 1/6
GEM has a total shareholder equity of CN¥23.1B and total debt of CN¥22.7B, which brings its debt-to-equity ratio to 98.5%. Its total assets and total liabilities are CN¥62.1B and CN¥39.0B respectively. GEM's EBIT is CN¥1.1B making its interest coverage ratio 1.8. It has cash and short-term investments of CN¥3.3B.
Key information
98.5%
Debt to equity ratio
CN¥22.71b
Debt
| Interest coverage ratio | 1.8x |
| Cash | CN¥3.32b |
| Equity | CN¥23.06b |
| Total liabilities | CN¥39.00b |
| Total assets | CN¥62.06b |
Recent financial health updates
GEM (SZSE:002340) Use Of Debt Could Be Considered Risky
Aug 25
Here's Why GEM (SZSE:002340) Is Weighed Down By Its Debt Load
May 25Recent updates
GEM Co., Ltd. (SZSE:002340) Could Be Riskier Than It Looks
Nov 21GEM's (SZSE:002340) Attractive Earnings Are Not All Good News For Shareholders
Nov 05With EPS Growth And More, GEM (SZSE:002340) Makes An Interesting Case
Oct 09GEM (SZSE:002340) May Have Issues Allocating Its Capital
Sep 22GEM (SZSE:002340) Use Of Debt Could Be Considered Risky
Aug 25GEM Co., Ltd.'s (SZSE:002340) Share Price Matching Investor Opinion
Jul 12Here's Why GEM (SZSE:002340) Is Weighed Down By Its Debt Load
May 25We Think That There Are Some Issues For GEM (SZSE:002340) Beyond Its Promising Earnings
May 03GEM Co., Ltd. (SZSE:002340) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
May 01GEM (SZSE:002340) Might Be Having Difficulty Using Its Capital Effectively
Mar 21Further Upside For GEM Co., Ltd. (SZSE:002340) Shares Could Introduce Price Risks After 25% Bounce
Mar 04Financial Position Analysis
Short Term Liabilities: 002340's short term assets (CN¥22.6B) do not cover its short term liabilities (CN¥28.4B).
Long Term Liabilities: 002340's short term assets (CN¥22.6B) exceed its long term liabilities (CN¥10.6B).
Debt to Equity History and Analysis
Debt Level: 002340's net debt to equity ratio (84.1%) is considered high.
Reducing Debt: 002340's debt to equity ratio has increased from 94.8% to 98.5% over the past 5 years.
Debt Coverage: 002340's debt is not well covered by operating cash flow (16.2%).
Interest Coverage: 002340's interest payments on its debt are not well covered by EBIT (1.8x coverage).