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) Has No Shortage Of Debt
Dec 25
GEM (SZSE:002340) Use Of Debt Could Be Considered Risky
Aug 25Here's Why GEM (SZSE:002340) Is Weighed Down By Its Debt Load
May 25Recent updates
GEM (SZSE:002340) Has No Shortage Of Debt
Dec 25GEM 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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 04:22 |
| End of Day Share Price | 2024/12/25 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
GEM Co., Ltd. is covered by 29 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Junfang Gao | Avic Securities Co., Ltd |
| Jun Ge | Changjiang Securities Co. LTD. |
| Ce Zhou | Chasing Securities |