Grange Resources Balance Sheet Health
Financial Health criteria checks 6/6
Grange Resources has a total shareholder equity of A$1.0B and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$1.2B and A$207.6M respectively. Grange Resources's EBIT is A$133.2M making its interest coverage ratio -8.1. It has cash and short-term investments of A$289.6M.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | -8.1x |
| Cash | AU$289.55m |
| Equity | AU$1.03b |
| Total liabilities | AU$207.57m |
| Total assets | AU$1.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GRRL.F's short term assets (A$546.4M) exceed its short term liabilities (A$70.0M).
Long Term Liabilities: GRRL.F's short term assets (A$546.4M) exceed its long term liabilities (A$137.6M).
Debt to Equity History and Analysis
Debt Level: GRRL.F is debt free.
Reducing Debt: GRRL.F has no debt compared to 5 years ago when its debt to equity ratio was 2.8%.
Debt Coverage: GRRL.F has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: GRRL.F has no debt, therefore coverage of interest payments is not a concern.