Grandblue Environment Balance Sheet Health
Financial Health criteria checks 1/6
Grandblue Environment has a total shareholder equity of CN¥13.8B and total debt of CN¥16.8B, which brings its debt-to-equity ratio to 121.8%. 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
121.8%
Debt to equity ratio
CN¥16.82b
Debt
| Interest coverage ratio | 5.6x |
| Cash | CN¥1.69b |
| Equity | CN¥13.81b |
| Total liabilities | CN¥23.65b |
| Total assets | CN¥37.47b |
Recent financial health updates
Recent updates
Is Grandblue Environment Co., Ltd. (SHSE:600323) Trading At A 40% Discount?
Nov 21
Grandblue Environment's (SHSE:600323) Solid Earnings May Rest On Weak Foundations
Nov 04Investors Aren't Buying Grandblue Environment Co., Ltd.'s (SHSE:600323) Earnings
Oct 20Return Trends At Grandblue Environment (SHSE:600323) Aren't Appealing
Aug 14Grandblue Environment's (SHSE:600323) Shareholders Will Receive A Bigger Dividend Than Last Year
Jul 23Is Grandblue Environment (SHSE:600323) A Risky Investment?
Jul 17Little Excitement Around Grandblue Environment Co., Ltd.'s (SHSE:600323) Earnings
May 23Investors Met With Slowing Returns on Capital At Grandblue Environment (SHSE:600323)
Apr 18Financial 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 (109.5%) is considered high.
Reducing Debt: 600323's debt to equity ratio has increased from 112.6% to 121.8% over the past 5 years.
Debt Coverage: 600323's debt is not well covered by operating cash flow (13%).
Interest Coverage: 600323's interest payments on its debt are well covered by EBIT (5.6x coverage).