Grand Harbour Marina p.l.c Balance Sheet Health
Financial Health criteria checks 2/6
Grand Harbour Marina p.l.c has a total shareholder equity of €3.9M and total debt of €14.8M, which brings its debt-to-equity ratio to 380.1%. Its total assets and total liabilities are €28.2M and €24.3M respectively. Grand Harbour Marina p.l.c's EBIT is €1.3M making its interest coverage ratio 1.9. It has cash and short-term investments of €4.1M.
Key information
380.1%
Debt to equity ratio
€14.81m
Debt
| Interest coverage ratio | 1.9x |
| Cash | €4.12m |
| Equity | €3.90m |
| Total liabilities | €24.31m |
| Total assets | €28.20m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: GHM's short term assets (€5.8M) exceed its short term liabilities (€2.5M).
Long Term Liabilities: GHM's short term assets (€5.8M) do not cover its long term liabilities (€21.8M).
Debt to Equity History and Analysis
Debt Level: GHM's net debt to equity ratio (274.2%) is considered high.
Reducing Debt: GHM's debt to equity ratio has reduced from 442.8% to 380.1% over the past 5 years.
Debt Coverage: GHM's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: GHM's interest payments on its debt are not well covered by EBIT (1.9x coverage).