GrainCorp Balance Sheet Health
Financial Health criteria checks 6/6
GrainCorp has a total shareholder equity of A$1.6B and total debt of A$981.7M, which brings its debt-to-equity ratio to 61.7%. Its total assets and total liabilities are A$3.4B and A$1.8B respectively. GrainCorp's EBIT is A$189.9M making its interest coverage ratio 3.2. It has cash and short-term investments of A$734.8M.
Key information
61.7%
Debt to equity ratio
AU$981.70m
Debt
Interest coverage ratio | 3.2x |
Cash | AU$734.80m |
Equity | AU$1.59b |
Total liabilities | AU$1.83b |
Total assets | AU$3.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GRCL.F's short term assets (A$2.4B) exceed its short term liabilities (A$1.4B).
Long Term Liabilities: GRCL.F's short term assets (A$2.4B) exceed its long term liabilities (A$382.6M).
Debt to Equity History and Analysis
Debt Level: GRCL.F's net debt to equity ratio (15.5%) is considered satisfactory.
Reducing Debt: GRCL.F's debt to equity ratio has reduced from 66.7% to 61.7% over the past 5 years.
Debt Coverage: GRCL.F's debt is well covered by operating cash flow (58.6%).
Interest Coverage: GRCL.F's interest payments on its debt are well covered by EBIT (3.2x coverage).