GRG Metrology & Test Group Balance Sheet Health
Financial Health criteria checks 6/6
GRG Metrology & Test Group has a total shareholder equity of CN¥3.7B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 36.7%. Its total assets and total liabilities are CN¥6.0B and CN¥2.3B respectively. GRG Metrology & Test Group's EBIT is CN¥262.0M making its interest coverage ratio 19.1. It has cash and short-term investments of CN¥1.2B.
Key information
36.7%
Debt to equity ratio
CN¥1.34b
Debt
| Interest coverage ratio | 19.1x |
| Cash | CN¥1.25b |
| Equity | CN¥3.67b |
| Total liabilities | CN¥2.29b |
| Total assets | CN¥5.95b |
Recent financial health updates
Recent updates
GRG Metrology & Test Group (SZSE:002967) Is Posting Promising Earnings But The Good News Doesn’t Stop There
Apr 04
News 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¥1.5B).
Long Term Liabilities: 002967's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥789.5M).
Debt to Equity History and Analysis
Debt Level: 002967's net debt to equity ratio (2.7%) is considered satisfactory.
Reducing Debt: 002967's debt to equity ratio has reduced from 125.3% to 36.7% over the past 5 years.
Debt Coverage: 002967's debt is well covered by operating cash flow (45.3%).
Interest Coverage: 002967's interest payments on its debt are well covered by EBIT (19.1x coverage).