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
Financial 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).