Grand City Properties Balance Sheet Health
Financial Health criteria checks 2/6
Grand City Properties has a total shareholder equity of €5.1B and total debt of €4.2B, which brings its debt-to-equity ratio to 82.7%. Its total assets and total liabilities are €10.7B and €5.6B respectively. Grand City Properties's EBIT is €315.6M making its interest coverage ratio 5.5. It has cash and short-term investments of €1.1B.
Key information
82.7%
Debt to equity ratio
€4.21b
Debt
| Interest coverage ratio | 5.5x |
| Cash | €1.12b |
| Equity | €5.09b |
| Total liabilities | €5.57b |
| Total assets | €10.66b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GYC1's short term assets (€1.8B) exceed its short term liabilities (€691.9M).
Long Term Liabilities: GYC1's short term assets (€1.8B) do not cover its long term liabilities (€4.9B).
Debt to Equity History and Analysis
Debt Level: GYC1's net debt to equity ratio (60.7%) is considered high.
Reducing Debt: GYC1's debt to equity ratio has increased from 71.9% to 82.7% over the past 5 years.
Debt Coverage: GYC1's debt is not well covered by operating cash flow (6.5%).
Interest Coverage: GYC1's interest payments on its debt are well covered by EBIT (5.5x coverage).