Genesis Land Development Balance Sheet Health
Financial Health criteria checks 4/6
Genesis Land Development has a total shareholder equity of CA$241.1M and total debt of CA$103.6M, which brings its debt-to-equity ratio to 43%. Its total assets and total liabilities are CA$440.1M and CA$198.9M respectively. Genesis Land Development's EBIT is CA$19.9M making its interest coverage ratio 11.6. It has cash and short-term investments of CA$37.5M.
Key information
43.0%
Debt to equity ratio
CA$103.59m
Debt
Interest coverage ratio | 11.6x |
Cash | CA$37.55m |
Equity | CA$241.14m |
Total liabilities | CA$198.94m |
Total assets | CA$440.08m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GNLA.F's short term assets (CA$419.8M) exceed its short term liabilities (CA$83.9M).
Long Term Liabilities: GNLA.F's short term assets (CA$419.8M) exceed its long term liabilities (CA$115.1M).
Debt to Equity History and Analysis
Debt Level: GNLA.F's net debt to equity ratio (27.4%) is considered satisfactory.
Reducing Debt: GNLA.F's debt to equity ratio has increased from 15.1% to 43% over the past 5 years.
Debt Coverage: GNLA.F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: GNLA.F's interest payments on its debt are well covered by EBIT (11.6x coverage).