GT Gold Holdings Balance Sheet Health
Financial Health criteria checks 4/6
GT Gold Holdings has a total shareholder equity of HK$506.7M and total debt of HK$390.2M, which brings its debt-to-equity ratio to 77%. Its total assets and total liabilities are HK$1.4B and HK$921.6M respectively. GT Gold Holdings's EBIT is HK$68.7M making its interest coverage ratio 5.4. It has cash and short-term investments of HK$48.5M.
Key information
77.0%
Debt to equity ratio
HK$390.22m
Debt
| Interest coverage ratio | 5.4x |
| Cash | HK$48.47m |
| Equity | HK$506.65m |
| Total liabilities | HK$921.62m |
| Total assets | HK$1.43b |
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
Grand T G Gold Holdings Limited's (HKG:8299) Popularity With Investors Is Under Threat From Overpricing
Sep 16Grand T G Gold Holdings' (HKG:8299) Earnings Are Built On Soft Foundations
Jul 31If EPS Growth Is Important To You, Grand T G Gold Holdings (HKG:8299) Presents An Opportunity
Jun 28Earnings 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$375.0M) exceed its short term liabilities (HK$200.5M).
Long Term Liabilities: 8299's short term assets (HK$375.0M) do not cover its long term liabilities (HK$721.2M).
Debt to Equity History and Analysis
Debt Level: 8299's net debt to equity ratio (67.5%) is considered high.
Reducing Debt: 8299's debt to equity ratio has reduced from 136.7% to 77% over the past 5 years.
Debt Coverage: 8299's debt is well covered by operating cash flow (68.3%).
Interest Coverage: 8299's interest payments on its debt are well covered by EBIT (5.4x coverage).