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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
57.78%
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
Recent updates
Grindrod Shipping: Major Shareholder's Takeover Attempt Successful, Stock Will Likely Delist Soon
Jul 01Grindrod 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 16Grindrod Shipping Looks Fundamentally And Technically Oversold
Jul 13Grindrod Shipping: A High Performer With Little Downside
May 17Grindrod Shipping: A New Era Putting An End To Years Of Struggling
Apr 15Grindrod Shipping Is Still Worth Investing: About 35% Upside Potential
Mar 04Grindrod Shipping: Market Conditions Still Strong, The Dip Is Worth Buying
Jan 28Grindrod 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 02Financial 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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/08/17 11:05 |
| End of Day Share Price | 2024/08/15 00:00 |
| Earnings | 2023/12/31 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Grindrod Shipping Holdings Ltd. is covered by 5 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Charles Fratt | Alliance Global Partners |
| Mpho Mokotso | Avior Capital Markets |
| Randall Giveans | Jefferies LLC |