Grindrod Balance Sheet Health
Financial Health criteria checks 6/6
Grindrod has a total shareholder equity of ZAR9.9B and total debt of ZAR2.0B, which brings its debt-to-equity ratio to 20.1%. Its total assets and total liabilities are ZAR14.6B and ZAR4.7B respectively. Grindrod's EBIT is ZAR798.7M making its interest coverage ratio -38.6. It has cash and short-term investments of ZAR2.5B.
Key information
20.1%
Debt to equity ratio
R1.99b
Debt
Interest coverage ratio | -38.6x |
Cash | R2.52b |
Equity | R9.88b |
Total liabilities | R4.69b |
Total assets | R14.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GNDP's short term assets (ZAR4.6B) exceed its short term liabilities (ZAR2.3B).
Long Term Liabilities: GNDP's short term assets (ZAR4.6B) exceed its long term liabilities (ZAR2.3B).
Debt to Equity History and Analysis
Debt Level: GNDP has more cash than its total debt.
Reducing Debt: GNDP's debt to equity ratio has reduced from 30.6% to 20.1% over the past 5 years.
Debt Coverage: GNDP's debt is well covered by operating cash flow (44.2%).
Interest Coverage: GNDP earns more interest than it pays, so coverage of interest payments is not a concern.