Gem Diamonds Balance Sheet Health
Financial Health criteria checks 3/6
Gem Diamonds has a total shareholder equity of $223.8M and total debt of $38.3M, which brings its debt-to-equity ratio to 17.1%. Its total assets and total liabilities are $383.0M and $159.2M respectively. Gem Diamonds's EBIT is $13.3M making its interest coverage ratio 2.8. It has cash and short-term investments of $30.1M.
Key information
17.1%
Debt to equity ratio
US$38.35m
Debt
| Interest coverage ratio | 2.8x |
| Cash | US$30.11m |
| Equity | US$223.81m |
| Total liabilities | US$159.21m |
| Total assets | US$383.01m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZVW's short term assets ($71.5M) exceed its short term liabilities ($45.8M).
Long Term Liabilities: ZVW's short term assets ($71.5M) do not cover its long term liabilities ($113.4M).
Debt to Equity History and Analysis
Debt Level: ZVW's net debt to equity ratio (3.7%) is considered satisfactory.
Reducing Debt: ZVW's debt to equity ratio has increased from 11.3% to 17.1% over the past 5 years.
Debt Coverage: ZVW's debt is well covered by operating cash flow (114%).
Interest Coverage: ZVW's interest payments on its debt are not well covered by EBIT (2.8x coverage).