Grandblue Environment Co., Ltd.

SHSE:600323 Stock Report

Market Cap: CN¥18.2b

Grandblue Environment Balance Sheet Health

Financial Health criteria checks 2/6

Grandblue Environment has a total shareholder equity of CN¥13.8B and total debt of CN¥14.2B, which brings its debt-to-equity ratio to 102.9%. Its total assets and total liabilities are CN¥37.5B and CN¥23.7B respectively. Grandblue Environment's EBIT is CN¥2.3B making its interest coverage ratio 5.6. It has cash and short-term investments of CN¥1.7B.

Key information

102.9%

Debt to equity ratio

CN¥14.22b

Debt

Interest coverage ratio5.6x
CashCN¥1.69b
EquityCN¥13.81b
Total liabilitiesCN¥23.65b
Total assetsCN¥37.47b

Recent financial health updates

Recent updates

Grandblue Environment's (SHSE:600323) Solid Earnings May Rest On Weak Foundations

Nov 04
Grandblue Environment's (SHSE:600323) Solid Earnings May Rest On Weak Foundations

Investors Aren't Buying Grandblue Environment Co., Ltd.'s (SHSE:600323) Earnings

Oct 20
Investors Aren't Buying Grandblue Environment Co., Ltd.'s (SHSE:600323) Earnings

Return Trends At Grandblue Environment (SHSE:600323) Aren't Appealing

Aug 14
Return Trends At Grandblue Environment (SHSE:600323) Aren't Appealing

Grandblue Environment's (SHSE:600323) Shareholders Will Receive A Bigger Dividend Than Last Year

Jul 23
Grandblue Environment's (SHSE:600323) Shareholders Will Receive A Bigger Dividend Than Last Year

Is Grandblue Environment (SHSE:600323) A Risky Investment?

Jul 17
Is Grandblue Environment (SHSE:600323) A Risky Investment?

Little Excitement Around Grandblue Environment Co., Ltd.'s (SHSE:600323) Earnings

May 23
Little Excitement Around Grandblue Environment Co., Ltd.'s (SHSE:600323) Earnings

Investors Met With Slowing Returns on Capital At Grandblue Environment (SHSE:600323)

Apr 18
Investors Met With Slowing Returns on Capital At Grandblue Environment (SHSE:600323)

Financial Position Analysis

Short Term Liabilities: 600323's short term assets (CN¥9.3B) do not cover its short term liabilities (CN¥9.5B).

Long Term Liabilities: 600323's short term assets (CN¥9.3B) do not cover its long term liabilities (CN¥14.1B).


Debt to Equity History and Analysis

Debt Level: 600323's net debt to equity ratio (90.7%) is considered high.

Reducing Debt: 600323's debt to equity ratio has reduced from 112.6% to 102.9% over the past 5 years.

Debt Coverage: 600323's debt is not well covered by operating cash flow (15.4%).

Interest Coverage: 600323's interest payments on its debt are well covered by EBIT (5.6x coverage).


Balance Sheet


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