Gemfields Group Balance Sheet Health
Financial Health criteria checks 6/6
Gemfields Group has a total shareholder equity of $523.5M and total debt of $40.5M, which brings its debt-to-equity ratio to 7.7%. Its total assets and total liabilities are $697.9M and $174.4M respectively. Gemfields Group's EBIT is $48.6M making its interest coverage ratio 319.9. It has cash and short-term investments of $51.6M.
Key information
7.7%
Debt to equity ratio
US$40.47m
Debt
Interest coverage ratio | 319.9x |
Cash | US$51.62m |
Equity | US$523.49m |
Total liabilities | US$174.40m |
Total assets | US$697.89m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GML's short term assets ($241.6M) exceed its short term liabilities ($91.3M).
Long Term Liabilities: GML's short term assets ($241.6M) exceed its long term liabilities ($83.1M).
Debt to Equity History and Analysis
Debt Level: GML has more cash than its total debt.
Reducing Debt: GML's debt to equity ratio has reduced from 9.7% to 7.7% over the past 5 years.
Debt Coverage: GML's debt is well covered by operating cash flow (87%).
Interest Coverage: GML's interest payments on its debt are well covered by EBIT (319.9x coverage).