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
Does Gem Diamonds (LON:GEMD) Have A Healthy Balance Sheet?
Oct 19
Gem Diamonds (LON:GEMD) Has A Somewhat Strained Balance Sheet
Jun 29Does Gem Diamonds (LON:GEMD) Have A Healthy Balance Sheet?
Sep 25Gem Diamonds (LON:GEMD) Takes On Some Risk With Its Use Of Debt
Apr 11Is Gem Diamonds (LON:GEMD) Using Too Much Debt?
Dec 08Does Gem Diamonds (LON:GEMD) Have A Healthy Balance Sheet?
Apr 05Recent updates
The Returns On Capital At Gem Diamonds (LON:GEMD) Don't Inspire Confidence
Oct 23Investors Holding Back On Gem Diamonds Limited (LON:GEMD)
Aug 29Gem Diamonds Limited's (LON:GEMD) Shares Bounce 49% But Its Business Still Trails The Industry
May 03Lacklustre Performance Is Driving Gem Diamonds Limited's (LON:GEMD) Low P/E
Feb 07The Returns On Capital At Gem Diamonds (LON:GEMD) Don't Inspire Confidence
Nov 23Does Gem Diamonds (LON:GEMD) Have A Healthy Balance Sheet?
Oct 19Investors Met With Slowing Returns on Capital At Gem Diamonds (LON:GEMD)
Aug 21Gem Diamonds (LON:GEMD) Has A Somewhat Strained Balance Sheet
Jun 29Gem Diamonds' (LON:GEMD) Returns Have Hit A Wall
May 19A Look At The Intrinsic Value Of Gem Diamonds Limited (LON:GEMD)
Mar 17Returns Are Gaining Momentum At Gem Diamonds (LON:GEMD)
Jan 31Does Gem Diamonds (LON:GEMD) Have A Healthy Balance Sheet?
Sep 25Calculating The Intrinsic Value Of Gem Diamonds Limited (LON:GEMD)
Jul 30Gem Diamonds (LON:GEMD) May Have Issues Allocating Its Capital
Jun 24Gem Diamonds (LON:GEMD) Takes On Some Risk With Its Use Of Debt
Apr 11Results: Gem Diamonds Limited Exceeded Expectations And The Consensus Has Updated Its Estimates
Mar 21Returns On Capital At Gem Diamonds (LON:GEMD) Have Stalled
Mar 18Is Gem Diamonds (LON:GEMD) Using Too Much Debt?
Dec 08Returns At Gem Diamonds (LON:GEMD) Appear To Be Weighed Down
Oct 01Increases to Gem Diamonds Limited's (LON:GEMD) CEO Compensation Might Cool off for now
May 27Gem Diamonds' (LON:GEMD) Returns On Capital Not Reflecting Well On The Business
May 26Does Gem Diamonds (LON:GEMD) Have A Healthy Balance Sheet?
Apr 05Gem Diamonds' (LON:GEMD) Performance Is Even Better Than Its Earnings Suggest
Mar 19What Kind Of Shareholders Own Gem Diamonds Limited (LON:GEMD)?
Feb 27If You Had Bought Gem Diamonds' (LON:GEMD) Shares Five Years Ago You Would Be Down 61%
Jan 29
Are Investors Concerned With What's Going On At Gem Diamonds (LON:GEMD)?
Dec 25Does Gem Diamonds' (LON:GEMD) CEO Salary Compare Well With Industry Peers?
Dec 04Financial Position Analysis
Short Term Liabilities: GEMD's short term assets ($71.5M) exceed its short term liabilities ($45.8M).
Long Term Liabilities: GEMD's short term assets ($71.5M) do not cover its long term liabilities ($113.4M).
Debt to Equity History and Analysis
Debt Level: GEMD's net debt to equity ratio (3.7%) is considered satisfactory.
Reducing Debt: GEMD's debt to equity ratio has increased from 11.3% to 17.1% over the past 5 years.
Debt Coverage: GEMD's debt is well covered by operating cash flow (114%).
Interest Coverage: GEMD's interest payments on its debt are not well covered by EBIT (2.8x coverage).