Grand City Properties Balance Sheet Health
Financial Health criteria checks 3/6
Grand City Properties has a total shareholder equity of €5.5B and total debt of €4.0B, which brings its debt-to-equity ratio to 73.1%. Its total assets and total liabilities are €10.8B and €5.3B respectively. Grand City Properties's EBIT is €303.5M making its interest coverage ratio 5.9. It has cash and short-term investments of €709.5M.
Key information
73.1%
Debt to equity ratio
€4.03b
Debt
Interest coverage ratio | 5.9x |
Cash | €709.47m |
Equity | €5.52b |
Total liabilities | €5.33b |
Total assets | €10.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GRDD.Y's short term assets (€1.4B) exceed its short term liabilities (€657.6M).
Long Term Liabilities: GRDD.Y's short term assets (€1.4B) do not cover its long term liabilities (€4.7B).
Debt to Equity History and Analysis
Debt Level: GRDD.Y's net debt to equity ratio (60.2%) is considered high.
Reducing Debt: GRDD.Y's debt to equity ratio has reduced from 80.1% to 73.1% over the past 5 years.
Debt Coverage: GRDD.Y's debt is not well covered by operating cash flow (5.5%).
Interest Coverage: GRDD.Y's interest payments on its debt are well covered by EBIT (5.9x coverage).