Golden Wheat Mills P.L.C Balance Sheet Health
Financial Health criteria checks 2/6
Golden Wheat Mills P.L.C has a total shareholder equity of JOD15.7M and total debt of JOD10.1M, which brings its debt-to-equity ratio to 64.4%. Its total assets and total liabilities are JOD28.7M and JOD13.0M respectively. Golden Wheat Mills P.L.C's EBIT is JOD1.8M making its interest coverage ratio 2.5. It has cash and short-term investments of JOD406.8K.
Key information
64.4%
Debt to equity ratio
د.أ10.11m
Debt
Interest coverage ratio | 2.5x |
Cash | د.أ406.79k |
Equity | د.أ15.71m |
Total liabilities | د.أ12.99m |
Total assets | د.أ28.70m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GMC's short term assets (JOD19.0M) exceed its short term liabilities (JOD12.5M).
Long Term Liabilities: GMC's short term assets (JOD19.0M) exceed its long term liabilities (JOD489.3K).
Debt to Equity History and Analysis
Debt Level: GMC's net debt to equity ratio (61.8%) is considered high.
Reducing Debt: GMC's debt to equity ratio has increased from 35% to 64.4% over the past 5 years.
Debt Coverage: GMC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: GMC's interest payments on its debt are not well covered by EBIT (2.5x coverage).