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 ratio | 26.8x |
| Cash | CN¥954.93m |
| Equity | CN¥3.77b |
| Total liabilities | CN¥2.61b |
| Total assets | CN¥6.37b |
Recent financial health updates
Is GRG Metrology & Test Group (SZSE:002967) Using Too Much Debt?
Oct 18
GRG Metrology & Test Group (SZSE:002967) Has A Pretty Healthy Balance Sheet
Jul 12We Think GRG Metrology & Test Group (SZSE:002967) Can Stay On Top Of Its Debt
Mar 19Recent updates
Is GRG Metrology & Test Group (SZSE:002967) Using Too Much Debt?
Oct 18Investors Appear Satisfied With GRG Metrology & Test Group Co., Ltd.'s (SZSE:002967) Prospects
Sep 29Here's What's Concerning About GRG Metrology & Test Group's (SZSE:002967) Returns On Capital
Sep 10GRG Metrology & Test Group (SZSE:002967) Has A Pretty Healthy Balance Sheet
Jul 12GRG Metrology & Test Group Co., Ltd. (SZSE:002967) Not Lagging Market On Growth Or Pricing
Jun 21Is Now The Time To Look At Buying GRG Metrology & Test Group Co., Ltd. (SZSE:002967)?
May 25GRG Metrology & Test Group (SZSE:002967) Is Due To Pay A Dividend Of CN¥0.15
May 24GRG Metrology & Test Group (SZSE:002967) Is Posting Promising Earnings But The Good News Doesn’t Stop There
Apr 04News Flash: 3 Analysts Think GRG Metrology & Test Group Co., Ltd. (SZSE:002967) Earnings Are Under Threat
Apr 02We Think GRG Metrology & Test Group (SZSE:002967) Can Stay On Top Of Its Debt
Mar 19Market Participants Recognise GRG Metrology & Test Group Co., Ltd.'s (SZSE:002967) Earnings
Feb 26Financial 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).