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 €10.7M and total debt of €14.9M, which brings its debt-to-equity ratio to 139.2%. Its total assets and total liabilities are €35.9M and €25.2M respectively. Grand Harbour Marina p.l.c's EBIT is €1.6M making its interest coverage ratio 2.2. It has cash and short-term investments of €7.1M.
Key information
139.2%
Debt to equity ratio
€14.86m
Debt
| Interest coverage ratio | 2.2x |
| Cash | €7.14m |
| Equity | €10.67m |
| Total liabilities | €25.25m |
| Total assets | €35.92m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: GHM's short term assets (€10.9M) exceed its short term liabilities (€3.7M).
Long Term Liabilities: GHM's short term assets (€10.9M) do not cover its long term liabilities (€21.6M).
Debt to Equity History and Analysis
Debt Level: GHM's net debt to equity ratio (72.3%) is considered high.
Reducing Debt: GHM's debt to equity ratio has reduced from 437.3% to 139.2% over the past 5 years.
Debt Coverage: GHM's debt is not well covered by operating cash flow (9.4%).
Interest Coverage: GHM's interest payments on its debt are not well covered by EBIT (2.2x coverage).