Grindrod Balance Sheet Health
Financial Health criteria checks 6/6
Grindrod has a total shareholder equity of ZAR9.6B and total debt of ZAR1.9B, which brings its debt-to-equity ratio to 20.2%. Its total assets and total liabilities are ZAR14.6B and ZAR4.9B respectively. Grindrod's EBIT is ZAR770.7M making its interest coverage ratio 86.4. It has cash and short-term investments of ZAR2.5B.
Key information
20.2%
Debt to equity ratio
R1.95b
Debt
| Interest coverage ratio | 86.4x |
| Cash | R2.46b |
| Equity | R9.64b |
| Total liabilities | R4.91b |
| Total assets | R14.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GRDL.Y's short term assets (ZAR4.6B) exceed its short term liabilities (ZAR2.7B).
Long Term Liabilities: GRDL.Y's short term assets (ZAR4.6B) exceed its long term liabilities (ZAR2.2B).
Debt to Equity History and Analysis
Debt Level: GRDL.Y has more cash than its total debt.
Reducing Debt: GRDL.Y's debt to equity ratio has reduced from 23.9% to 20.2% over the past 5 years.
Debt Coverage: GRDL.Y's debt is well covered by operating cash flow (67.9%).
Interest Coverage: GRDL.Y's interest payments on its debt are well covered by EBIT (86.4x coverage).