Genesis Land Development Balance Sheet Health
Financial Health criteria checks 4/6
Genesis Land Development has a total shareholder equity of CA$262.3M and total debt of CA$124.3M, which brings its debt-to-equity ratio to 47.4%. Its total assets and total liabilities are CA$510.7M and CA$248.4M respectively. Genesis Land Development's EBIT is CA$47.8M making its interest coverage ratio 11. It has cash and short-term investments of CA$20.8M.
Key information
47.4%
Debt to equity ratio
CA$124.32m
Debt
| Interest coverage ratio | 11x |
| Cash | CA$20.77m |
| Equity | CA$262.29m |
| Total liabilities | CA$248.39m |
| Total assets | CA$510.68m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GNLA.F's short term assets (CA$484.6M) exceed its short term liabilities (CA$75.7M).
Long Term Liabilities: GNLA.F's short term assets (CA$484.6M) exceed its long term liabilities (CA$172.7M).
Debt to Equity History and Analysis
Debt Level: GNLA.F's net debt to equity ratio (39.5%) is considered satisfactory.
Reducing Debt: GNLA.F's debt to equity ratio has increased from 17.5% to 47.4% over the past 5 years.
Debt Coverage: GNLA.F's debt is not well covered by operating cash flow (0.6%).
Interest Coverage: GNLA.F's interest payments on its debt are well covered by EBIT (11x coverage).