GRG Metrology & Test Group Co., Ltd.

SZSE:002967 Stock Report

Market Cap: CN¥10.0b

GRG Metrology & Test Group Balance Sheet Health

Financial Health criteria checks 6/6

GRG Metrology & Test Group has a total shareholder equity of CN¥3.8B and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 37.7%. Its total assets and total liabilities are CN¥6.4B and CN¥2.6B respectively. GRG Metrology & Test Group's EBIT is CN¥335.0M making its interest coverage ratio 26.8. It has cash and short-term investments of CN¥954.9M.

Key information

37.7%

Debt to equity ratio

CN¥1.42b

Debt

Interest coverage ratio26.8x
CashCN¥954.93m
EquityCN¥3.77b
Total liabilitiesCN¥2.61b
Total assetsCN¥6.37b

Recent financial health updates

Is GRG Metrology & Test Group (SZSE:002967) Using Too Much Debt?

Oct 18
Is GRG Metrology & Test Group (SZSE:002967) Using Too Much Debt?

GRG Metrology & Test Group (SZSE:002967) Has A Pretty Healthy Balance Sheet

Jul 12
GRG Metrology & Test Group (SZSE:002967) Has A Pretty Healthy Balance Sheet

We Think GRG Metrology & Test Group (SZSE:002967) Can Stay On Top Of Its Debt

Mar 19
We Think GRG Metrology & Test Group (SZSE:002967) Can Stay On Top Of Its Debt

Recent updates

Is GRG Metrology & Test Group (SZSE:002967) Using Too Much Debt?

Oct 18
Is GRG Metrology & Test Group (SZSE:002967) Using Too Much Debt?

Investors Appear Satisfied With GRG Metrology & Test Group Co., Ltd.'s (SZSE:002967) Prospects

Sep 29
Investors Appear Satisfied With GRG Metrology & Test Group Co., Ltd.'s (SZSE:002967) Prospects

Here's What's Concerning About GRG Metrology & Test Group's (SZSE:002967) Returns On Capital

Sep 10
Here's What's Concerning About GRG Metrology & Test Group's (SZSE:002967) Returns On Capital

GRG Metrology & Test Group (SZSE:002967) Has A Pretty Healthy Balance Sheet

Jul 12
GRG Metrology & Test Group (SZSE:002967) Has A Pretty Healthy Balance Sheet

GRG Metrology & Test Group Co., Ltd. (SZSE:002967) Not Lagging Market On Growth Or Pricing

Jun 21
GRG Metrology & Test Group Co., Ltd. (SZSE:002967) Not Lagging Market On Growth Or Pricing

Is Now The Time To Look At Buying GRG Metrology & Test Group Co., Ltd. (SZSE:002967)?

May 25
Is Now The Time To Look At Buying GRG Metrology & Test Group Co., Ltd. (SZSE:002967)?

GRG Metrology & Test Group (SZSE:002967) Is Due To Pay A Dividend Of CN¥0.15

May 24
GRG Metrology & Test Group (SZSE:002967) Is Due To Pay A Dividend Of CN¥0.15

GRG Metrology & Test Group (SZSE:002967) Is Posting Promising Earnings But The Good News Doesn’t Stop There

Apr 04
GRG Metrology & Test Group (SZSE:002967) Is Posting Promising Earnings But The Good News Doesn’t Stop There

News Flash: 3 Analysts Think GRG Metrology & Test Group Co., Ltd. (SZSE:002967) Earnings Are Under Threat

Apr 02
News Flash: 3 Analysts Think GRG Metrology & Test Group Co., Ltd. (SZSE:002967) Earnings Are Under Threat

We Think GRG Metrology & Test Group (SZSE:002967) Can Stay On Top Of Its Debt

Mar 19
We Think GRG Metrology & Test Group (SZSE:002967) Can Stay On Top Of Its Debt

Market Participants Recognise GRG Metrology & Test Group Co., Ltd.'s (SZSE:002967) Earnings

Feb 26
Market Participants Recognise GRG Metrology & Test Group Co., Ltd.'s (SZSE:002967) Earnings

Financial Position Analysis

Short Term Liabilities: 002967's short term assets (CN¥3.1B) exceed its short term liabilities (CN¥1.7B).

Long Term Liabilities: 002967's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥868.9M).

Debt to Equity History and Analysis

Debt Level: 002967's net debt to equity ratio (12.3%) is considered satisfactory.

Reducing Debt: 002967's debt to equity ratio has reduced from 125.5% to 37.7% over the past 5 years.

Debt Coverage: 002967's debt is well covered by operating cash flow (49.3%).

Interest Coverage: 002967's interest payments on its debt are well covered by EBIT (26.8x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/31 17:04
End of Day Share Price 2024/12/31 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

GRG Metrology & Test Group Co., Ltd. is covered by 6 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Xiang LiCitic Securities Co., Ltd.
Rui WangEverbright Securities Co. Ltd.
Shuang WuGuosen Securities Co., Ltd.