Shenzhen Grandland Group Balance Sheet Health
Financial Health criteria checks 2/6
Shenzhen Grandland Group has a total shareholder equity of CN¥656.7M and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 190.5%. Its total assets and total liabilities are CN¥2.3B and CN¥1.6B respectively. Shenzhen Grandland Group's EBIT is CN¥3.9B making its interest coverage ratio -18.6. It has cash and short-term investments of CN¥557.6M.
Key information
190.5%
Debt to equity ratio
CN¥1.25b
Debt
| Interest coverage ratio | -18.6x |
| Cash | CN¥557.57m |
| Equity | CN¥656.71m |
| Total liabilities | CN¥1.60b |
| Total assets | CN¥2.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002482's short term assets (CN¥866.6M) exceed its short term liabilities (CN¥348.0M).
Long Term Liabilities: 002482's short term assets (CN¥866.6M) 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 (105.6%) is considered high.
Reducing Debt: 002482's debt to equity ratio has increased from 60.8% to 190.5% 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.