GRIPM Advanced Materials Balance Sheet Health
Financial Health criteria checks 3/6
GRIPM Advanced Materials has a total shareholder equity of CN¥1.2B and total debt of CN¥214.2M, which brings its debt-to-equity ratio to 17.7%. Its total assets and total liabilities are CN¥1.8B and CN¥542.4M respectively. GRIPM Advanced Materials's EBIT is CN¥11.4M making its interest coverage ratio 2.3. It has cash and short-term investments of CN¥173.0M.
Key information
17.7%
Debt to equity ratio
CN¥214.25m
Debt
| Interest coverage ratio | 2.3x |
| Cash | CN¥173.02m |
| Equity | CN¥1.21b |
| Total liabilities | CN¥542.44m |
| Total assets | CN¥1.75b |
Recent financial health updates
No updates
Recent updates
GRIPM Advanced Materials (SHSE:688456) Strong Profits May Be Masking Some Underlying Issues
Nov 07
GRIPM Advanced Materials (SHSE:688456) May Have Issues Allocating Its Capital
Sep 26GRIPM Advanced Materials Co., Ltd. (SHSE:688456) Stocks Shoot Up 26% But Its P/E Still Looks Reasonable
May 21GRIPM Advanced Materials (SHSE:688456) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
May 06GRIPM Advanced Materials (SHSE:688456) Will Be Hoping To Turn Its Returns On Capital Around
Apr 17Financial Position Analysis
Short Term Liabilities: 688456's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥499.1M).
Long Term Liabilities: 688456's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥43.3M).
Debt to Equity History and Analysis
Debt Level: 688456's net debt to equity ratio (3.4%) is considered satisfactory.
Reducing Debt: 688456's debt to equity ratio has increased from 8.2% to 17.7% over the past 5 years.
Debt Coverage: 688456's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688456's interest payments on its debt are not well covered by EBIT (2.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/28 00:38 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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Industry and Sector Metrics
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Analyst Sources
GRIPM Advanced Materials Co., Ltd. is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Wenping Liu | China Merchants Securities Co. Ltd. |
| Zu Xue Qiu | Minsheng Securities Co. |