Grand Ming Group Holdings Balance Sheet Health
Financial Health criteria checks 1/6
Grand Ming Group Holdings has a total shareholder equity of HK$3.0B and total debt of HK$5.9B, which brings its debt-to-equity ratio to 199%. Its total assets and total liabilities are HK$9.4B and HK$6.4B respectively. Grand Ming Group Holdings's EBIT is HK$53.3M making its interest coverage ratio 0.5. It has cash and short-term investments of HK$188.1M.
Key information
199.0%
Debt to equity ratio
HK$5.88b
Debt
| Interest coverage ratio | 0.5x |
| Cash | HK$188.15m |
| Equity | HK$2.95b |
| Total liabilities | HK$6.43b |
| Total assets | HK$9.39b |
Recent financial health updates
Recent updates
It's Unlikely That Grand Ming Group Holdings Limited's (HKG:1271) CEO Will See A Huge Pay Rise This Year
Aug 15
Grand Ming Group Holdings' (HKG:1271) Shareholders Have More To Worry About Than Only Soft Earnings
Jul 24Grand Ming Group Holdings' (HKG:1271) Dividend Is Being Reduced To HK$0.04
Nov 13Grand Ming Group Holdings (HKG:1271) Is Paying Out A Larger Dividend Than Last Year
Jul 06Grand Ming Group Holdings (HKG:1271) Is Paying Out A Larger Dividend Than Last Year
Jun 22With EPS Growth And More, Grand Ming Group Holdings (HKG:1271) Makes An Interesting Case
Mar 27A Look At The Intrinsic Value Of Grand Ming Group Holdings Limited (HKG:1271)
Dec 23Grand Ming Group Holdings' (HKG:1271) Dividend Will Be Increased To HK$0.06
Nov 16Does Grand Ming Group Holdings (HKG:1271) Have A Healthy Balance Sheet?
Sep 11Grand Ming Group Holdings' (HKG:1271) Dividend Will Be HK$0.04
Aug 07Grand Ming Group Holdings (HKG:1271) Has Announced A Dividend Of HK$0.04
Jul 14Grand Ming Group Holdings (HKG:1271) Has Announced A Dividend Of HK$0.04
Jun 27Shareholders Will Most Likely Find Grand Ming Group Holdings Limited's (HKG:1271) CEO Compensation Acceptable
Jul 22Is Grand Ming Group Holdings Limited's (HKG:1271) 2.5% ROE Worse Than Average?
Mar 10Did You Participate In Any Of Grand Ming Group Holdings' (HKG:1271) Fantastic 214% Return ?
Feb 12Do Insiders Own Lots Of Shares In Grand Ming Group Holdings Limited (HKG:1271)?
Jan 25Does Grand Ming Group Holdings's (HKG:1271) Statutory Profit Adequately Reflect Its Underlying Profit?
Jan 08How Does Grand Ming Group Holdings' (HKG:1271) CEO Pay Compare With Company Performance?
Dec 22
Is Grand Ming Group Holdings Limited's (HKG:1271) 2.5% ROE Worse Than Average?
Dec 04Financial Position Analysis
Short Term Liabilities: 1271's short term assets (HK$2.5B) exceed its short term liabilities (HK$2.1B).
Long Term Liabilities: 1271's short term assets (HK$2.5B) do not cover its long term liabilities (HK$4.3B).
Debt to Equity History and Analysis
Debt Level: 1271's net debt to equity ratio (192.7%) is considered high.
Reducing Debt: 1271's debt to equity ratio has increased from 141.8% to 199% over the past 5 years.
Debt Coverage: 1271's debt is not well covered by operating cash flow (4.1%).
Interest Coverage: 1271's interest payments on its debt are not well covered by EBIT (0.5x coverage).