Grandblue Environment Balance Sheet Health
Financial Health criteria checks 1/6
Grandblue Environment has a total shareholder equity of CN¥13.2B and total debt of CN¥15.8B, which brings its debt-to-equity ratio to 119.4%. Its total assets and total liabilities are CN¥36.5B and CN¥23.3B respectively. Grandblue Environment's EBIT is CN¥2.5B making its interest coverage ratio -37. It has cash and short-term investments of CN¥1.8B.
Key information
119.4%
Debt to equity ratio
CN¥15.79b
Debt
Interest coverage ratio | -37x |
Cash | CN¥1.82b |
Equity | CN¥13.22b |
Total liabilities | CN¥23.32b |
Total assets | CN¥36.54b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600323's short term assets (CN¥8.5B) do not cover its short term liabilities (CN¥9.8B).
Long Term Liabilities: 600323's short term assets (CN¥8.5B) do not cover its long term liabilities (CN¥13.6B).
Debt to Equity History and Analysis
Debt Level: 600323's net debt to equity ratio (105.7%) is considered high.
Reducing Debt: 600323's debt to equity ratio has increased from 96.7% to 119.4% over the past 5 years.
Debt Coverage: 600323's debt is not well covered by operating cash flow (19.1%).
Interest Coverage: 600323 earns more interest than it pays, so coverage of interest payments is not a concern.