GRIPM Advanced Materials Balance Sheet Health
Financial Health criteria checks 4/6
GRIPM Advanced Materials has a total shareholder equity of CN¥1.2B and total debt of CN¥145.5M, which brings its debt-to-equity ratio to 12.3%. Its total assets and total liabilities are CN¥1.6B and CN¥416.3M respectively. GRIPM Advanced Materials's EBIT is CN¥19.7M making its interest coverage ratio 5.2. It has cash and short-term investments of CN¥214.3M.
Key information
12.3%
Debt to equity ratio
CN¥145.48m
Debt
| Interest coverage ratio | 5.2x |
| Cash | CN¥214.33m |
| Equity | CN¥1.19b |
| Total liabilities | CN¥416.31m |
| Total assets | CN¥1.60b |
Recent financial health updates
No updates
Recent updates
GRIPM Advanced Materials Co., Ltd. (SHSE:688456) Stocks Shoot Up 26% But Its P/E Still Looks Reasonable
May 21
GRIPM 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¥1.1B) exceed its short term liabilities (CN¥388.1M).
Long Term Liabilities: 688456's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥28.3M).
Debt to Equity History and Analysis
Debt Level: 688456 has more cash than its total debt.
Reducing Debt: 688456's debt to equity ratio has increased from 9% to 12.3% over the past 5 years.
Debt Coverage: 688456's debt is not well covered by operating cash flow (1.8%).
Interest Coverage: 688456's interest payments on its debt are well covered by EBIT (5.2x coverage).