GEM Balance Sheet Health
Financial Health criteria checks 3/6
GEM has a total shareholder equity of CN¥21.6B and total debt of CN¥18.2B, which brings its debt-to-equity ratio to 84.1%. Its total assets and total liabilities are CN¥47.5B and CN¥25.9B respectively. GEM's EBIT is CN¥1.5B making its interest coverage ratio 2.5. It has cash and short-term investments of CN¥3.5B.
Key information
84.1%
Debt to equity ratio
CN¥18.20b
Debt
| Interest coverage ratio | 2.5x |
| Cash | CN¥3.53b |
| Equity | CN¥21.63b |
| Total liabilities | CN¥25.92b |
| Total assets | CN¥47.55b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002340's short term assets (CN¥21.7B) exceed its short term liabilities (CN¥17.0B).
Long Term Liabilities: 002340's short term assets (CN¥21.7B) exceed its long term liabilities (CN¥8.9B).
Debt to Equity History and Analysis
Debt Level: 002340's net debt to equity ratio (67.8%) is considered high.
Reducing Debt: 002340's debt to equity ratio has reduced from 115.7% to 84.1% over the past 5 years.
Debt Coverage: 002340's debt is not well covered by operating cash flow (9%).
Interest Coverage: 002340's interest payments on its debt are not well covered by EBIT (2.5x coverage).