Grand T G Gold Holdings Balance Sheet Health
Financial Health criteria checks 1/6
Grand T G Gold Holdings has a total shareholder equity of HK$430.0M and total debt of HK$520.3M, which brings its debt-to-equity ratio to 121%. Its total assets and total liabilities are HK$1.1B and HK$635.3M respectively. Grand T G Gold Holdings's EBIT is HK$28.0M making its interest coverage ratio 3.3. It has cash and short-term investments of HK$19.3M.
Key information
121.0%
Debt to equity ratio
HK$520.32m
Debt
| Interest coverage ratio | 3.3x |
| Cash | HK$19.30m |
| Equity | HK$429.96m |
| Total liabilities | HK$635.32m |
| Total assets | HK$1.07b |
Recent financial health updates
Here's Why Grand T G Gold Holdings (HKG:8299) Is Weighed Down By Its Debt Load
Dec 28
Does Grand T G Gold Holdings (HKG:8299) Have A Healthy Balance Sheet?
Mar 22Is Grand T G Gold Holdings (HKG:8299) Weighed On By Its Debt Load?
Jul 08Is Grand T G Gold Holdings (HKG:8299) Weighed On By Its Debt Load?
Mar 25Grand T G Gold Holdings (HKG:8299) Has Debt But No Earnings; Should You Worry?
Dec 10
Recent updates
Earnings Not Telling The Story For Grand T G Gold Holdings Limited (HKG:8299) After Shares Rise 26%
Mar 11Here's Why Grand T G Gold Holdings (HKG:8299) Is Weighed Down By Its Debt Load
Dec 28Grand T G Gold Holdings' (HKG:8299) Earnings Are Weaker Than They Seem
Nov 16Returns On Capital At Grand T G Gold Holdings (HKG:8299) Paint A Concerning Picture
Jun 07Does Grand T G Gold Holdings (HKG:8299) Have A Healthy Balance Sheet?
Mar 22Here's Why We Think Grand T G Gold Holdings (HKG:8299) Is Well Worth Watching
Feb 17Here's What To Make Of Grand T G Gold Holdings' (HKG:8299) Decelerating Rates Of Return
Dec 08Grand T G Gold Holdings (HKG:8299) Is Finding It Tricky To Allocate Its Capital
Mar 09Is Grand T G Gold Holdings (HKG:8299) Weighed On By Its Debt Load?
Jul 08Is Grand T G Gold Holdings (HKG:8299) Weighed On By Its Debt Load?
Mar 25Grand T G Gold Holdings (HKG:8299) Has Debt But No Earnings; Should You Worry?
Dec 10Financial Position Analysis
Short Term Liabilities: 8299's short term assets (HK$129.4M) do not cover its short term liabilities (HK$137.6M).
Long Term Liabilities: 8299's short term assets (HK$129.4M) do not cover its long term liabilities (HK$497.8M).
Debt to Equity History and Analysis
Debt Level: 8299's net debt to equity ratio (116.5%) is considered high.
Reducing Debt: 8299's debt to equity ratio has increased from 107.4% to 121% over the past 5 years.
Debt Coverage: 8299's debt is not well covered by operating cash flow (2.1%).
Interest Coverage: 8299's interest payments on its debt are well covered by EBIT (3.3x coverage).