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¥1.1B, which brings its debt-to-equity ratio to 24.4%. Its total assets and total liabilities are CN¥6.9B and CN¥2.3B respectively. Grinm Advanced Materials's EBIT is CN¥178.4M making its interest coverage ratio 18.3. It has cash and short-term investments of CN¥1.6B.
Key information
24.4%
Debt to equity ratio
CN¥1.13b
Debt
| Interest coverage ratio | 18.3x |
| Cash | CN¥1.63b |
| Equity | CN¥4.60b |
| Total liabilities | CN¥2.34b |
| Total assets | CN¥6.94b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600206's short term assets (CN¥5.0B) exceed its short term liabilities (CN¥1.7B).
Long Term Liabilities: 600206's short term assets (CN¥5.0B) exceed its long term liabilities (CN¥606.2M).
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 2.8% to 24.4% over the past 5 years.
Debt Coverage: 600206's debt is not well covered by operating cash flow (4.8%).
Interest Coverage: 600206's interest payments on its debt are well covered by EBIT (18.3x coverage).