Grinm Advanced Materials Balance Sheet Health
Financial Health criteria checks 4/6
Grinm Advanced Materials has a total shareholder equity of CN¥4.6B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 28.9%. Its total assets and total liabilities are CN¥6.9B and CN¥2.4B respectively. Grinm Advanced Materials's EBIT is CN¥146.9M making its interest coverage ratio 9.7. It has cash and short-term investments of CN¥1.3B.
Key information
28.9%
Debt to equity ratio
CN¥1.32b
Debt
| Interest coverage ratio | 9.7x |
| Cash | CN¥1.34b |
| Equity | CN¥4.55b |
| Total liabilities | CN¥2.36b |
| Total assets | CN¥6.91b |
Recent financial health updates
No updates
Recent updates
Returns Are Gaining Momentum At Grinm Advanced Materials (SHSE:600206)
Dec 16
Subdued Growth No Barrier To Grinm Advanced Materials Co., Ltd. (SHSE:600206) With Shares Advancing 28%
Nov 10Grinm Advanced Materials' (SHSE:600206) Profits May Not Reveal Underlying Issues
Nov 06Grinm Advanced Materials Co., Ltd.'s (SHSE:600206) Share Price Could Signal Some Risk
Mar 21Financial Position Analysis
Short Term Liabilities: 600206's short term assets (CN¥5.0B) exceed its short term liabilities (CN¥2.0B).
Long Term Liabilities: 600206's short term assets (CN¥5.0B) exceed its long term liabilities (CN¥326.7M).
Debt to Equity History and Analysis
Debt Level: 600206 has more cash than its total debt.
Reducing Debt: 600206's debt to equity ratio has increased from 2.6% to 28.9% over the past 5 years.
Debt Coverage: 600206's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600206's interest payments on its debt are well covered by EBIT (9.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 12:41 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Grinm Advanced Materials Co., Ltd. is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Chao Li | Citic Securities Co., Ltd. |