Grindrod Shipping Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Grindrod Shipping Holdings has a total shareholder equity of $246.1M and total debt of $142.2M, which brings its debt-to-equity ratio to 57.8%. Its total assets and total liabilities are $460.9M and $214.8M respectively. Grindrod Shipping Holdings's EBIT is $7.3M making its interest coverage ratio 0.5. It has cash and short-term investments of $61.4M.
Key information
57.8%
Debt to equity ratio
US$142.22m
Debt
| Interest coverage ratio | 0.5x |
| Cash | US$61.37m |
| Equity | US$246.12m |
| Total liabilities | US$214.76m |
| Total assets | US$460.88m |
Recent financial health updates
These 4 Measures Indicate That Grindrod Shipping Holdings (NASDAQ:GRIN) Is Using Debt Reasonably Well
Jun 10
These 4 Measures Indicate That Grindrod Shipping Holdings (NASDAQ:GRIN) Is Using Debt Reasonably Well
Feb 12Does Grindrod Shipping Holdings (NASDAQ:GRIN) Have A Healthy Balance Sheet?
Aug 29Is Grindrod Shipping Holdings (NASDAQ:GRIN) Weighed On By Its Debt Load?
Mar 21Recent updates
Grindrod Shipping: Minority Shareholder Buyout Proposal Might Not Pass
Apr 06Grindrod Shipping: Favorable Outlook, M&A Completion, And Very Cheap
Jan 14Grindrod Shipping goes ex-dividend tomorrow
Sep 07Grindrod Shipping hits 12-week high on $365.9M acquisition offer from Taylor Maritime
Aug 29Grindrod Shipping Q2 2022 Earnings Preview
Aug 16Is There Now An Opportunity In Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN)?
Aug 12Grindrod Shipping Looks Fundamentally And Technically Oversold
Jul 13The Trend Of High Returns At Grindrod Shipping Holdings (NASDAQ:GRIN) Has Us Very Interested
Jul 06These 4 Measures Indicate That Grindrod Shipping Holdings (NASDAQ:GRIN) Is Using Debt Reasonably Well
Jun 10Grindrod Shipping: A High Performer With Little Downside
May 17Grindrod Shipping: A New Era Putting An End To Years Of Struggling
Apr 15Investors Should Be Encouraged By Grindrod Shipping Holdings' (NASDAQ:GRIN) Returns On Capital
Mar 15Grindrod Shipping Is Still Worth Investing: About 35% Upside Potential
Mar 04These 4 Measures Indicate That Grindrod Shipping Holdings (NASDAQ:GRIN) Is Using Debt Reasonably Well
Feb 12Grindrod Shipping: Market Conditions Still Strong, The Dip Is Worth Buying
Jan 28We Think Grindrod Shipping Holdings' (NASDAQ:GRIN) Robust Earnings Are Conservative
Nov 24Grindrod Shipping: Shifting To Longer-Term Value Play
Nov 02Grindrod Shipping: Some Upside Potential, But Not Enough To Justify A Core Holding
Oct 07Grindrod Shipping: The New Dip Is Even More Attractive
Sep 23Grindrod Shipping: The Recent 10% Dip Should Be Bought
Sep 02Does Grindrod Shipping Holdings (NASDAQ:GRIN) Have A Healthy Balance Sheet?
Aug 29Is Grindrod Shipping Holdings (NASDAQ:GRIN) Weighed On By Its Debt Load?
Mar 21What Kind Of Shareholders Own Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN)?
Feb 14Grindrod Shipping Holdings' (NASDAQ:GRIN) Shareholders Are Down 47% On Their Shares
Dec 14
Grindrod Shipping extends charter-in period of IVS Pinehurst
Dec 03Financial Position Analysis
Short Term Liabilities: GRIN's short term assets ($98.1M) exceed its short term liabilities ($86.6M).
Long Term Liabilities: GRIN's short term assets ($98.1M) do not cover its long term liabilities ($128.1M).
Debt to Equity History and Analysis
Debt Level: GRIN's net debt to equity ratio (32.9%) is considered satisfactory.
Reducing Debt: GRIN's debt to equity ratio has increased from 39.1% to 57.8% over the past 5 years.
Debt Coverage: GRIN's debt is well covered by operating cash flow (109.1%).
Interest Coverage: GRIN's interest payments on its debt are not well covered by EBIT (0.5x coverage).