Gem Diamonds Balance Sheet Health
Financial Health criteria checks 3/6
Gem Diamonds has a total shareholder equity of $218.1M and total debt of $38.6M, which brings its debt-to-equity ratio to 17.7%. Its total assets and total liabilities are $384.7M and $166.6M respectively. Gem Diamonds's EBIT is $5.1M making its interest coverage ratio 1.4. It has cash and short-term investments of $16.5M.
Key information
17.7%
Debt to equity ratio
US$38.57m
Debt
Interest coverage ratio | 1.4x |
Cash | US$16.53m |
Equity | US$218.12m |
Total liabilities | US$166.59m |
Total assets | US$384.72m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GMDM.F's short term assets ($62.4M) exceed its short term liabilities ($59.8M).
Long Term Liabilities: GMDM.F's short term assets ($62.4M) do not cover its long term liabilities ($106.7M).
Debt to Equity History and Analysis
Debt Level: GMDM.F's net debt to equity ratio (10.1%) is considered satisfactory.
Reducing Debt: GMDM.F's debt to equity ratio has increased from 15% to 17.7% over the past 5 years.
Debt Coverage: GMDM.F's debt is well covered by operating cash flow (90.8%).
Interest Coverage: GMDM.F's interest payments on its debt are not well covered by EBIT (1.4x coverage).