Gemfields Group Balance Sheet Health

Financial Health criteria checks 4/6

Gemfields Group has a total shareholder equity of $518.8M and total debt of $66.7M, which brings its debt-to-equity ratio to 12.9%. Its total assets and total liabilities are $719.6M and $200.9M respectively. Gemfields Group's EBIT is $28.8M making its interest coverage ratio 12. It has cash and short-term investments of $22.3M.

Key information

12.9%

Debt to equity ratio

US$66.69m

Debt

Interest coverage ratio12x
CashUS$22.30m
EquityUS$518.76m
Total liabilitiesUS$200.87m
Total assetsUS$719.64m

Recent financial health updates

Recent updates

Gemfields Group Limited (JSE:GML) Could Be Riskier Than It Looks

Nov 15
Gemfields Group Limited (JSE:GML) Could Be Riskier Than It Looks

Gemfields Group's (JSE:GML) Returns On Capital Are Heading Higher

Mar 06
Gemfields Group's (JSE:GML) Returns On Capital Are Heading Higher

We Think You Can Look Beyond Gemfields Group's (JSE:GML) Lackluster Earnings

Sep 30
We Think You Can Look Beyond Gemfields Group's (JSE:GML) Lackluster Earnings

Does Gemfields Group (JSE:GML) Have A Healthy Balance Sheet?

Nov 09
Does Gemfields Group (JSE:GML) Have A Healthy Balance Sheet?

Calculating The Fair Value Of Gemfields Group Limited (JSE:GML)

Aug 17
Calculating The Fair Value Of Gemfields Group Limited (JSE:GML)

Financial Position Analysis

Short Term Liabilities: GML's short term assets ($250.7M) exceed its short term liabilities ($119.0M).

Long Term Liabilities: GML's short term assets ($250.7M) exceed its long term liabilities ($81.9M).


Debt to Equity History and Analysis

Debt Level: GML's net debt to equity ratio (8.6%) is considered satisfactory.

Reducing Debt: GML's debt to equity ratio has increased from 7.1% to 12.9% over the past 5 years.

Debt Coverage: GML's debt is not well covered by operating cash flow (8.2%).

Interest Coverage: GML's interest payments on its debt are well covered by EBIT (12x coverage).


Balance Sheet


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