Grand Banks Yachts Limited

SGX:G50 Stock Report

Market Cap: S$73.9m

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
CashS$44.19m
EquityS$73.43m
Total liabilitiesS$64.69m
Total assetsS$138.11m

Recent financial health updates

Recent updates

A Piece Of The Puzzle Missing From Grand Banks Yachts Limited's (SGX:G50) Share Price

May 30
A Piece Of The Puzzle Missing From Grand Banks Yachts Limited's (SGX:G50) Share Price

Grand Banks Yachts' (SGX:G50) Earnings Are Of Questionable Quality

Feb 22
Grand Banks Yachts' (SGX:G50) Earnings Are Of Questionable Quality

Here's Why Grand Banks Yachts (SGX:G50) Can Manage Its Debt Responsibly

Feb 15
Here's Why Grand Banks Yachts (SGX:G50) Can Manage Its Debt Responsibly

Grand Banks Yachts (SGX:G50) Has A Pretty Healthy Balance Sheet

Feb 20
Grand Banks Yachts (SGX:G50) Has A Pretty Healthy Balance Sheet

We Believe That Grand Banks Yachts' (SGX:G50) Weak Earnings Are A Good Indicator Of Underlying Profitability

Sep 05
We Believe That Grand Banks Yachts' (SGX:G50) Weak Earnings Are A Good Indicator Of Underlying Profitability

Does Grand Banks Yachts (SGX:G50) Have A Healthy Balance Sheet?

Jun 10
Does Grand Banks Yachts (SGX:G50) Have A Healthy Balance Sheet?

Grand Banks Yachts (SGX:G50) Seems To Use Debt Quite Sensibly

Dec 29
Grand Banks Yachts (SGX:G50) Seems To Use Debt Quite Sensibly

Do Its Financials Have Any Role To Play In Driving Grand Banks Yachts Limited's (SGX:G50) Stock Up Recently?

Dec 08
Do Its Financials Have Any Role To Play In Driving Grand Banks Yachts Limited's (SGX:G50) Stock Up Recently?

Financial 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.


Balance Sheet


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