Grand Venture Technology Balance Sheet Health
Financial Health criteria checks 6/6
Grand Venture Technology has a total shareholder equity of SGD118.6M and total debt of SGD43.8M, which brings its debt-to-equity ratio to 36.9%. Its total assets and total liabilities are SGD203.4M and SGD84.8M respectively. Grand Venture Technology's EBIT is SGD6.7M making its interest coverage ratio 3. It has cash and short-term investments of SGD20.1M.
Key information
36.9%
Debt to equity ratio
S$43.76m
Debt
| Interest coverage ratio | 3x |
| Cash | S$20.06m |
| Equity | S$118.61m |
| Total liabilities | S$84.77m |
| Total assets | S$203.38m |
Recent financial health updates
Recent updates
Is Grand Venture Technology (SGX:JLB) Using Too Much Debt?
Oct 20
Grand Venture Technology (SGX:JLB) Might Be Having Difficulty Using Its Capital Effectively
Jul 14Grand Venture Technology Limited (SGX:JLB) May Have Run Too Fast Too Soon With Recent 28% Price Plummet
Oct 17With EPS Growth And More, Grand Venture Technology (SGX:JLB) Makes An Interesting Case
Sep 15Grand Venture Technology Limited (SGX:JLB) Just Reported, And Analysts Assigned A S$1.07 Price Target
Aug 14Returns At Grand Venture Technology (SGX:JLB) Are On The Way Up
May 27Here's Why We Think Grand Venture Technology (SGX:JLB) Is Well Worth Watching
Apr 19We Think Shareholders Should Be Aware Of Some Factors Beyond Grand Venture Technology's (SGX:JLB) Profit
Feb 26Financial Position Analysis
Short Term Liabilities: JLB's short term assets (SGD109.6M) exceed its short term liabilities (SGD49.6M).
Long Term Liabilities: JLB's short term assets (SGD109.6M) exceed its long term liabilities (SGD35.1M).
Debt to Equity History and Analysis
Debt Level: JLB's net debt to equity ratio (20%) is considered satisfactory.
Reducing Debt: JLB's debt to equity ratio has reduced from 117.5% to 36.9% over the past 5 years.
Debt Coverage: JLB's debt is well covered by operating cash flow (35.8%).
Interest Coverage: JLB's interest payments on its debt are well covered by EBIT (3x coverage).