Greystone Logistics Balance Sheet Health
Financial Health criteria checks 4/6
Greystone Logistics has a total shareholder equity of $22.1M and total debt of $14.0M, which brings its debt-to-equity ratio to 63.4%. Its total assets and total liabilities are $51.5M and $29.4M respectively. Greystone Logistics's EBIT is $12.2M making its interest coverage ratio 10. It has cash and short-term investments of $4.3M.
Key information
63.4%
Debt to equity ratio
US$14.02m
Debt
Interest coverage ratio | 10x |
Cash | US$4.32m |
Equity | US$22.11m |
Total liabilities | US$29.41m |
Total assets | US$51.52m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GLGI's short term assets ($15.8M) exceed its short term liabilities ($7.3M).
Long Term Liabilities: GLGI's short term assets ($15.8M) do not cover its long term liabilities ($22.1M).
Debt to Equity History and Analysis
Debt Level: GLGI's net debt to equity ratio (43.9%) is considered high.
Reducing Debt: GLGI's debt to equity ratio has reduced from 709.1% to 63.4% over the past 5 years.
Debt Coverage: GLGI's debt is well covered by operating cash flow (90.9%).
Interest Coverage: GLGI's interest payments on its debt are well covered by EBIT (10x coverage).