Grange Resources Balance Sheet Health

Financial Health criteria checks 6/6

Grange Resources has a total shareholder equity of A$1.0B and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$1.2B and A$207.6M respectively. Grange Resources's EBIT is A$133.2M making its interest coverage ratio -8.1. It has cash and short-term investments of A$289.6M.

Key information

Debt to equity ratio

AU$0

Debt

Interest coverage ratio	-8.1x
Cash	AU$289.55m
Equity	AU$1.03b
Total liabilities	AU$207.57m
Total assets	AU$1.24b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: GRR's short term assets (A$546.4M) exceed its short term liabilities (A$70.0M).

Long Term Liabilities: GRR's short term assets (A$546.4M) exceed its long term liabilities (A$137.6M).

Debt to Equity History and Analysis

Debt Level: GRR is debt free.

Reducing Debt: GRR has no debt compared to 5 years ago when its debt to equity ratio was 2.8%.

Debt Coverage: GRR has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: GRR has no debt, therefore coverage of interest payments is not a concern.

Grange Resources Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Recent updates

Grange Resources Limited Announces Appointment of Jiajia Jiang as Non-Independent Non-Executive Director

First half 2024 earnings released: EPS: AU$0.023 (vs AU$0.061 in 1H 2023)

Grange Resources Limited Appoints Fong Hoon as Independent Non-Executive Director and Chair of the Audit & Risk Committee

Grange Resources Limited, Annual General Meeting, May 14, 2024

Less than half of directors are independent

Upcoming dividend of AU$0.02 per share

Dividend of AU$0.02 announced

Full year 2023 earnings released: EPS: AU$0.13 (vs AU$0.15 in FY 2022)

Grange Resources Limited Appoints Tianxiao Shen as Non-Executive Director

Grange Resources Limited Announces Resignation of Yan Jia as Non-Independent Director

New minor risk - Profit margin trend

First half 2023 earnings released: EPS: AU$0.061 (vs AU$0.11 in 1H 2022)

Grange Resources Limited Omits to Pay Interim Dividend

New major risk - Share price stability

Upcoming dividend of AU$0.02 per share at 4.1% yield

Full year 2022 earnings released: EPS: AU$0.15 (vs AU$0.28 in FY 2021)

Upcoming dividend of AU$0.02 per share

First half 2022 earnings released: EPS: AU$0.11 (vs AU$0.18 in 1H 2021)

Grange Resources Limited Announces Dividend for the Six Months Ended June 30, 2022, Payable on 30 September 2022

Investor sentiment improved over the past week

Upcoming dividend of AU$0.10 per share

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Grange Resources Limited Recommends Final Dividend for the Year End December 31, 2021, Payable on 29 March 2022

Grange Resources Limited Announces Savage River Underground Prefeasibility Study Results

Grange Resources Limited Issues Special Dividend, Payable on 29 December 2021

Upcoming dividend of AU$0.02 per share

First half 2021 earnings released: EPS AU$0.18 (vs AU$0.058 in 1H 2020)

CEO, MD & Executive Director recently bought €168k worth of stock

Non Executive Director has left the company

Upcoming Dividend of AU$0.02 Per Share

Full year 2020 earnings released: EPS AU$0.18 (vs AU$0.067 in FY 2019)

New 90-day high: €0.26

David Woodall Notified Grange Resources Limited Not Seek Re-Election as Non-Executive Director

New 90-day high: €0.23

New 90-day high: €0.22

Grange Resources Ltd Provides an Update on Many of the Business Initiatives and Improvements Undertaken Through 2020

First half earnings released

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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