Shenzhen Grandland Group Balance Sheet Health
Financial Health criteria checks 2/6
Shenzhen Grandland Group has a total shareholder equity of CN¥716.0M and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 175.8%. Its total assets and total liabilities are CN¥2.2B and CN¥1.5B respectively. Shenzhen Grandland Group's EBIT is CN¥3.9B making its interest coverage ratio -8.5. It has cash and short-term investments of CN¥529.2M.
Key information
175.8%
Debt to equity ratio
CN¥1.26b
Debt
Interest coverage ratio | -8.5x |
Cash | CN¥529.24m |
Equity | CN¥715.99m |
Total liabilities | CN¥1.52b |
Total assets | CN¥2.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002482's short term assets (CN¥863.1M) exceed its short term liabilities (CN¥269.9M).
Long Term Liabilities: 002482's short term assets (CN¥863.1M) 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 (101.9%) is considered high.
Reducing Debt: 002482's debt to equity ratio has increased from 59.5% to 175.8% 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.