Grandjoy Holdings Group Balance Sheet Health
Financial Health criteria checks 4/6
Grandjoy Holdings Group has a total shareholder equity of CN¥46.5B and total debt of CN¥74.4B, which brings its debt-to-equity ratio to 160.2%. Its total assets and total liabilities are CN¥199.6B and CN¥153.1B respectively. Grandjoy Holdings Group's EBIT is CN¥5.2B making its interest coverage ratio -1.3. It has cash and short-term investments of CN¥28.9B.
Key information
160.2%
Debt to equity ratio
CN¥74.42b
Debt
Interest coverage ratio | -1.3x |
Cash | CN¥28.94b |
Equity | CN¥46.46b |
Total liabilities | CN¥153.10b |
Total assets | CN¥199.57b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000031's short term assets (CN¥145.5B) exceed its short term liabilities (CN¥97.1B).
Long Term Liabilities: 000031's short term assets (CN¥145.5B) exceed its long term liabilities (CN¥56.0B).
Debt to Equity History and Analysis
Debt Level: 000031's net debt to equity ratio (97.9%) is considered high.
Reducing Debt: 000031's debt to equity ratio has reduced from 188.3% to 160.2% over the past 5 years.
Debt Coverage: 000031's debt is not well covered by operating cash flow (8.7%).
Interest Coverage: 000031 earns more interest than it pays, so coverage of interest payments is not a concern.