Golden Resources Development International Balance Sheet Health
Financial Health criteria checks 5/6
Golden Resources Development International has a total shareholder equity of HK$1.3B and total debt of HK$6.0M, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are HK$2.1B and HK$750.5M respectively. Golden Resources Development International's EBIT is HK$133.8M making its interest coverage ratio 8.4. It has cash and short-term investments of HK$431.2M.
Key information
0.5%
Debt to equity ratio
HK$6.01m
Debt
| Interest coverage ratio | 8.4x |
| Cash | HK$431.22m |
| Equity | HK$1.30b |
| Total liabilities | HK$750.54m |
| Total assets | HK$2.05b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GDRP.F's short term assets (HK$805.6M) exceed its short term liabilities (HK$451.3M).
Long Term Liabilities: GDRP.F's short term assets (HK$805.6M) exceed its long term liabilities (HK$299.2M).
Debt to Equity History and Analysis
Debt Level: GDRP.F has more cash than its total debt.
Reducing Debt: GDRP.F's debt to equity ratio has increased from 0% to 0.5% over the past 5 years.
Debt Coverage: GDRP.F's debt is well covered by operating cash flow (6292.2%).
Interest Coverage: GDRP.F's interest payments on its debt are well covered by EBIT (8.4x coverage).