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¥1.4B, which brings its debt-to-equity ratio to 38%. Its total assets and total liabilities are CN¥6.2B and CN¥2.6B respectively. GRG Metrology & Test Group's EBIT is CN¥269.7M making its interest coverage ratio 27.9. It has cash and short-term investments of CN¥1.0B.
Key information
38.0%
Debt to equity ratio
CN¥1.39b
Debt
| Interest coverage ratio | 27.9x |
| Cash | CN¥1.03b |
| Equity | CN¥3.66b |
| Total liabilities | CN¥2.58b |
| Total assets | CN¥6.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002967's short term assets (CN¥3.1B) exceed its short term liabilities (CN¥1.6B).
Long Term Liabilities: 002967's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥934.2M).
Debt to Equity History and Analysis
Debt Level: 002967's net debt to equity ratio (9.7%) is considered satisfactory.
Reducing Debt: 002967's debt to equity ratio has reduced from 102.9% to 38% over the past 5 years.
Debt Coverage: 002967's debt is well covered by operating cash flow (49.1%).
Interest Coverage: 002967's interest payments on its debt are well covered by EBIT (27.9x coverage).