Grand Banks Yachts Balance Sheet Health
Financial Health criteria checks 6/6
Grand Banks Yachts has a total shareholder equity of SGD73.4M and total debt of SGD4.3M, which brings its debt-to-equity ratio to 5.9%. Its total assets and total liabilities are SGD138.1M and SGD64.7M respectively. Grand Banks Yachts's EBIT is SGD21.0M making its interest coverage ratio -24.4. It has cash and short-term investments of SGD44.2M.
Key information
5.9%
Debt to equity ratio
S$4.32m
Debt
| Interest coverage ratio | -24.4x |
| Cash | S$44.19m |
| Equity | S$73.43m |
| Total liabilities | S$64.69m |
| Total assets | S$138.11m |
Recent financial health updates
Here's Why Grand Banks Yachts (SGX:G50) Can Manage Its Debt Responsibly
Feb 15
Grand Banks Yachts (SGX:G50) Has A Pretty Healthy Balance Sheet
Feb 20Does Grand Banks Yachts (SGX:G50) Have A Healthy Balance Sheet?
Jun 10Grand Banks Yachts (SGX:G50) Seems To Use Debt Quite Sensibly
Dec 29
Recent updates
Grand Banks Yachts' (SGX:G50) Earnings Are Of Questionable Quality
Feb 22Here's Why Grand Banks Yachts (SGX:G50) Can Manage Its Debt Responsibly
Feb 15Grand Banks Yachts (SGX:G50) Has A Pretty Healthy Balance Sheet
Feb 20We Believe That Grand Banks Yachts' (SGX:G50) Weak Earnings Are A Good Indicator Of Underlying Profitability
Sep 05Does Grand Banks Yachts (SGX:G50) Have A Healthy Balance Sheet?
Jun 10Grand Banks Yachts (SGX:G50) Seems To Use Debt Quite Sensibly
Dec 29Do Its Financials Have Any Role To Play In Driving Grand Banks Yachts Limited's (SGX:G50) Stock Up Recently?
Dec 08Financial Position Analysis
Short Term Liabilities: G50's short term assets (SGD88.8M) exceed its short term liabilities (SGD59.9M).
Long Term Liabilities: G50's short term assets (SGD88.8M) exceed its long term liabilities (SGD4.8M).
Debt to Equity History and Analysis
Debt Level: G50 has more cash than its total debt.
Reducing Debt: G50's debt to equity ratio has reduced from 29.7% to 5.9% over the past 5 years.
Debt Coverage: G50's debt is well covered by operating cash flow (287.8%).
Interest Coverage: G50 earns more interest than it pays, so coverage of interest payments is not a concern.