Shenzhen Grandland Group Balance Sheet Health
Financial Health criteria checks 2/6
Shenzhen Grandland Group has a total shareholder equity of CN¥597.8M and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 209.1%. Its total assets and total liabilities are CN¥2.3B and CN¥1.7B respectively. Shenzhen Grandland Group's EBIT is CN¥4.4B making its interest coverage ratio -17.9. It has cash and short-term investments of CN¥546.4M.
Key information
209.1%
Debt to equity ratio
CN¥1.25b
Debt
| Interest coverage ratio | -17.9x |
| Cash | CN¥546.36m |
| Equity | CN¥597.81m |
| Total liabilities | CN¥1.72b |
| Total assets | CN¥2.32b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002482's short term assets (CN¥929.4M) exceed its short term liabilities (CN¥474.9M).
Long Term Liabilities: 002482's short term assets (CN¥929.4M) do not cover its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 002482's net debt to equity ratio (117.7%) is considered high.
Reducing Debt: 002482's debt to equity ratio has increased from 63.5% to 209.1% over the past 5 years.
Debt Coverage: 002482's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002482 earns more interest than it pays, so coverage of interest payments is not a concern.