GEM Balance Sheet Health
Financial Health criteria checks 2/6
GEM has a total shareholder equity of CN¥22.2B and total debt of CN¥21.2B, which brings its debt-to-equity ratio to 95.5%. Its total assets and total liabilities are CN¥56.5B and CN¥34.3B respectively. GEM's EBIT is CN¥840.2M making its interest coverage ratio 1.3. It has cash and short-term investments of CN¥4.9B.
Key information
95.5%
Debt to equity ratio
CN¥21.18b
Debt
| Interest coverage ratio | 1.3x |
| Cash | CN¥4.95b |
| Equity | CN¥22.18b |
| Total liabilities | CN¥34.33b |
| Total assets | CN¥56.51b |
Recent financial health updates
Recent updates
Here's Why GEM (SZSE:002340) Is Weighed Down By Its Debt Load
May 25
We Think That There Are Some Issues For GEM (SZSE:002340) Beyond Its Promising Earnings
May 03GEM Co., Ltd. (SZSE:002340) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
May 01GEM (SZSE:002340) Might Be Having Difficulty Using Its Capital Effectively
Mar 21Further Upside For GEM Co., Ltd. (SZSE:002340) Shares Could Introduce Price Risks After 25% Bounce
Mar 04Financial Position Analysis
Short Term Liabilities: 002340's short term assets (CN¥24.8B) do not cover its short term liabilities (CN¥25.4B).
Long Term Liabilities: 002340's short term assets (CN¥24.8B) exceed its long term liabilities (CN¥9.0B).
Debt to Equity History and Analysis
Debt Level: 002340's net debt to equity ratio (73.2%) is considered high.
Reducing Debt: 002340's debt to equity ratio has reduced from 114.7% to 95.5% over the past 5 years.
Debt Coverage: 002340's debt is not well covered by operating cash flow (13.6%).
Interest Coverage: 002340's interest payments on its debt are not well covered by EBIT (1.3x coverage).