Grindrod Balance Sheet Health
Financial Health criteria checks 6/6
Grindrod has a total shareholder equity of ZAR10.0B and total debt of ZAR2.3B, which brings its debt-to-equity ratio to 23.4%. Its total assets and total liabilities are ZAR14.9B and ZAR4.9B respectively. Grindrod's EBIT is ZAR781.5M making its interest coverage ratio 27. It has cash and short-term investments of ZAR2.4B.
Key information
23.4%
Debt to equity ratio
R2.34b
Debt
| Interest coverage ratio | 27x |
| Cash | R2.40b |
| Equity | R9.98b |
| Total liabilities | R4.93b |
| Total assets | R14.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GRDL.F's short term assets (ZAR4.7B) exceed its short term liabilities (ZAR2.5B).
Long Term Liabilities: GRDL.F's short term assets (ZAR4.7B) exceed its long term liabilities (ZAR2.5B).
Debt to Equity History and Analysis
Debt Level: GRDL.F has more cash than its total debt.
Reducing Debt: GRDL.F's debt to equity ratio has reduced from 55.9% to 23.4% over the past 5 years.
Debt Coverage: GRDL.F's debt is well covered by operating cash flow (42.2%).
Interest Coverage: GRDL.F's interest payments on its debt are well covered by EBIT (27x coverage).