GEM Balance Sheet Health
Financial Health criteria checks 3/6
GEM has a total shareholder equity of CN¥22.6B and total debt of CN¥21.7B, which brings its debt-to-equity ratio to 96.4%. Its total assets and total liabilities are CN¥59.3B and CN¥36.7B respectively. GEM's EBIT is CN¥1.4B making its interest coverage ratio 4.1. It has cash and short-term investments of CN¥3.5B.
Key information
96.4%
Debt to equity ratio
CN¥21.74b
Debt
| Interest coverage ratio | 4.1x |
| Cash | CN¥3.51b |
| Equity | CN¥22.56b |
| Total liabilities | CN¥36.69b |
| Total assets | CN¥59.25b |
Recent financial health updates
GEM (SZSE:002340) Use Of Debt Could Be Considered Risky
Aug 25
Here's Why GEM (SZSE:002340) Is Weighed Down By Its Debt Load
May 25Recent updates
GEM (SZSE:002340) Use Of Debt Could Be Considered Risky
Aug 25GEM Co., Ltd.'s (SZSE:002340) Share Price Matching Investor Opinion
Jul 12Here's Why GEM (SZSE:002340) Is Weighed Down By Its Debt Load
May 25We 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¥23.4B) do not cover its short term liabilities (CN¥27.7B).
Long Term Liabilities: 002340's short term assets (CN¥23.4B) exceed its long term liabilities (CN¥9.0B).
Debt to Equity History and Analysis
Debt Level: 002340's net debt to equity ratio (80.8%) is considered high.
Reducing Debt: 002340's debt to equity ratio has reduced from 105.3% to 96.4% over the past 5 years.
Debt Coverage: 002340's debt is not well covered by operating cash flow (13.2%).
Interest Coverage: 002340's interest payments on its debt are well covered by EBIT (4.1x coverage).