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: GND's short term assets (ZAR4.7B) exceed its short term liabilities (ZAR2.5B).
Long Term Liabilities: GND's short term assets (ZAR4.7B) exceed its long term liabilities (ZAR2.5B).
Debt to Equity History and Analysis
Debt Level: GND has more cash than its total debt.
Reducing Debt: GND's debt to equity ratio has reduced from 55.9% to 23.4% over the past 5 years.
Debt Coverage: GND's debt is well covered by operating cash flow (42.2%).
Interest Coverage: GND's interest payments on its debt are well covered by EBIT (27x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 08:02 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/06/30 |
| 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 here.
Analysis Model and Snowflake
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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 .
Analyst Sources
Grindrod Limited is covered by 9 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 |
|---|---|
| Mpho Mokotso | Avior Capital Markets |
| Kenneth Hearn | Barclays |
| Brent Madel | BPI Capital Africa (Proprietary), Limited |