Cash flow Grindrod Shipping Holdings Ltd. Nasdaq

Equities

GRIN

SG9999019087

Marine Freight & Logistics

Market Closed - Nasdaq Other stock markets 16:00:00 2024-08-15 EDT			5-day change	1st Jan Change
14.20 ^USD	-0.14%		-.--%	+57.60%

19f35a69914267102eb.0tkzJBmcDh7egYlNCA0XEWzssWYcQtObOoMcGEX-7ZU.6oFUXVfWfGa_9P0EXVpgfjqthzlbIYzwUa5tYHW8teWeuEZUUNtKa5PK4g

Published financial data: GRINDROD SHIPPING HOLDINGS LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	331M	279M	456M	460M	387M
Total Revenues	331M	279M	456M	460M	387M
Cost of Goods Sold, Total	263M	214M	218M	228M	293M
Gross Profit	68.5M	65.37M	238M	233M	94.53M
Selling General & Admin Expenses, Total	28.41M	24.61M	36.09M	43.27M	32.65M
Depreciation & Amortization - (IS)	47.98M	50.26M	60.76M	66.17M	55.17M
Other Operating Expenses	805K	-57K	-	-50K	-560K
Other Operating Expenses, Total	77.2M	74.81M	96.85M	109M	87.26M
Operating Income	-8.69M	-9.44M	141M	124M	7.27M
Interest Expense, Total	-11.92M	-16.94M	-12.3M	-17.13M	-17.1M
Interest And Investment Income	1.98M	565K	201K	2.23M	2.8M
Net Interest Expenses	-9.94M	-16.37M	-12.1M	-14.9M	-14.3M
Income (Loss) On Equity Invest.	-1.42M	-945K	-31K	-5K	-
Currency Exchange Gains (Loss)	-330K	5.2M	95K	-512K	-237K
EBT, Excl. Unusual Items	-20.38M	-21.56M	129M	108M	-7.26M
Impairment of Goodwill	-3.18M	-	-965K	-	-
Gain (Loss) On Sale Of Investments	-	-1.82M	-2K	45K	-
Gain (Loss) On Sale Of Assets	-	-	118K	36K	15K
Asset Writedown	-19.24M	-16.42M	4.6M	722K	-1.69M
Other Unusual Items	-	-576K	-	-4.8M	-
EBT, Incl. Unusual Items	-42.8M	-40.38M	133M	104M	-8.94M
Income Tax Expense	685K	723K	-118K	757K	683K
Earnings From Continuing Operations	-43.49M	-41.1M	133M	103M	-9.62M
Earnings Of Discontinued Operations	-	-	-3.16M	-	-
Net Income to Company	-43.49M	-41.1M	129M	103M	-9.62M
Minority Interest	-	2.3M	-10.56M	-	-
Net Income - (IS)	-43.49M	-38.8M	119M	103M	-9.62M
Net Income to Common Incl Extra Items	-43.49M	-38.8M	119M	103M	-9.62M
Net Income to Common Excl. Extra Items	-43.49M	-38.8M	122M	103M	-9.62M
Per Share Items
Net EPS - Basic	-2.29	-2.05	6.21	5.45	-0.49
Basic EPS - Continuing Operations	-2.29	-2.05	6.38	5.45	-0.49
Basic Weighted Average Shares Outstanding	19.02M	18.97M	19.15M	18.95M	19.52M
Net EPS - Diluted	-2.29	-2.05	5.94	5.45	-0.49
Diluted EPS - Continuing Operations	-2.29	-2.05	6.1	5.45	-0.49
Diluted Weighted Average Shares Outstanding	19.02M	18.97M	20.01M	18.95M	19.52M
Normalized Basic EPS	-0.67	-0.59	3.65	3.57	-0.23
Normalized Diluted EPS	-0.67	-0.59	3.49	3.57	-0.23
Dividend Per Share	-	-	1.44	1.34	0.03
Payout Ratio	-	-	11.39	131.45	-12.15
Supplemental Items
EBITDA	5.85M	9.46M	160M	147M	26.69M
EBITA	-8.66M	-9.3M	141M	124M	7.91M
EBIT	-8.69M	-9.44M	141M	124M	7.27M
EBITDAR	125M	95.44M	341M	269M	54.44M
Total Revenues (As Reported)	-	-	-	-	387M
Effective Tax Rate - (Ratio)	-1.6	-1.79	-0.09	0.73	-7.64
Total Current Taxes	577K	633K	429K	92K	576K
Total Deferred Taxes	108K	90K	-547K	665K	107K
Normalized Net Income	-12.74M	-11.17M	69.93M	67.58M	-4.54M
Interest on Long-Term Debt	3.89M	4.43M	3.16M	2.95M	3.15M
Supplemental Operating Expense Items
General and Administrative Expenses	28.41M	24.61M	36.09M	43.27M	32.65M
Net Rental Expense, Total	119M	85.98M	182M	122M	27.75M
Imputed Operating Lease Interest Expense	67.27M	42.14M	58.71M	66.26M	18.93M
Imputed Operating Lease Depreciation	51.87M	43.83M	123M	55.56M	8.82M
Maintenance & Repair Expenses, Total	-	-	-	-	-
Stock-Based Comp., Other (Total)	3.16M	1.85M	3.34M	8.13M	-
Total Stock-Based Compensation	3.16M	1.85M	3.34M	8.13M	-

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	35.55M	41.26M	107M	52.23M	59.33M
Short Term Investments	-	-	809K	269K	2.03M
Total Cash And Short Term Investments	35.55M	41.26M	108M	52.5M	61.36M
Accounts Receivable, Total	17.83M	8.83M	12.66M	12.6M	9.61M
Other Receivables	17.3M	18.74M	3.88M	3.69M	2.85M
Notes Receivable	3.73M	798K	623K	-	-
Total Receivables	38.86M	28.37M	17.16M	16.29M	12.46M
Inventory	12.24M	8.7M	13.91M	15.28M	10.76M
Prepaid Expenses	-	-	2.05M	4.03M	4.41M
Other Current Assets, Total	4.85M	4.28M	20.45M	17.14M	9.08M
Total Current Assets	91.5M	82.61M	161M	105M	98.08M
Gross Property Plant And Equipment	519M	668M	652M	665M	535M
Accumulated Depreciation	-159M	-143M	-182M	-231M	-197M
Net Property Plant And Equipment	360M	524M	470M	434M	338M
Long-term Investments	52.48M	166K	13K	8K	8K
Goodwill	944K	960K	-	-	7.92M
Other Intangibles, Total	177K	405K	227K	186K	4.91M
Loans Receivable Long-Term	2.63M	-	-	-	-
Deferred Tax Assets Long-Term	1.3M	1.14M	2.12M	1.3M	1.02M
Other Long-Term Assets, Total	9.61M	12.45M	11.37M	8.92M	10.51M
Total Assets	519M	622M	645M	549M	461M
Liabilities
Accounts Payable, Total	28.33M	27.36M	33.87M	29.6M	30.7M
Accrued Expenses, Total	-	-	124K	125K	125K
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	20.7M	53.39M	28.02M	33.33M	18.58M
Current Portion of Leases	24.3M	28.12M	27.38M	22.06M	32.43M
Current Income Taxes Payable	3.1M	3.35M	786K	423K	430K
Unearned Revenue Current, Total	4.08M	5.09M	8.44M	4.37M	2.99M
Other Current Liabilities	6.29M	588K	1.72M	773K	1.38M
Total Current Liabilities	86.79M	118M	100M	90.68M	86.62M
Long-Term Debt	145M	225M	218M	166M	124M
Long-Term Leases	33.65M	23.12M	5.9M	4.06M	1.37M
Pension & Other Post Retirement Benefits	1.92M	1.82M	1.49M	1.27M	1.19M
Deferred Tax Liability Non Current	-	-	-	-	761K
Other Non Current Liabilities	221K	198K	160K	140K	1.17M
Total Liabilities	267M	368M	326M	262M	215M
Common Stock, Total	321M	321M	321M	321M	290M
Additional Paid In Capital	-	-	-	-	-
Retained Earnings	-50.57M	-85.37M	23.02M	-8.55M	-19.56M
Treasury Stock	-1.99M	-387K	-11.87M	-	-
Comprehensive Income and Other	-16.18M	-22.69M	-12.2M	-24.69M	-24.51M
Total Common Equity	252M	212M	320M	287M	246M
Minority Interest	-	41.78M	-	-	-
Total Equity	252M	254M	320M	287M	246M
Total Liabilities And Equity	519M	622M	645M	549M	461M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	18.76M	19.31M	18.48M	19.47M	19.69M
ECS Total Common Shares Outstanding	18.76M	19.01M	18.48M	19.47M	19.69M
Book Value / Share	13.43	11.17	17.29	14.76	12.5
Tangible Book Value	251M	211M	319M	287M	233M
Tangible Book Value Per Share	13.37	11.09	17.28	14.75	11.85
Total Debt	223M	330M	279M	225M	176M
Net Debt	188M	288M	171M	173M	115M
Debt Equivalent Oper. Leases	953M	688M	1.45B	975M	222M
Minority Interest, Total (Incl. Fin. Div)	-	41.78M	-	-	-
Equity Method Investments, Total	52.48M	166K	13K	8K	8K
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Finished Goods, Total	12.24M	8.7M	13.91M	15.28M	10.76M
Land - (BS)	268K	259K	238K	-	-
Machinery, Total	424M	564M	535M	520M	361M
Full Time Employees	699	571	596	607	1.02K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	684K	660K	655K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-43.49M	-38.8M	119M	103M	-9.62M
Depreciation & Amortization - CF	45.56M	46.2M	54.7M	59.57M	50.81M
Amortization of Goodwill and Intangible Assets - (CF)	29K	146K	165K	155K	638K
Depreciation & Amortization, Total	45.59M	46.34M	54.86M	59.73M	51.45M
Amortization of Deferred Charges, Total - (CF)	3.17M	5.21M	7.05M	7.55M	6.2M
(Gain) Loss From Sale Of Asset	294K	788K	3.57M	-120K	-10.68M
(Gain) Loss on Sale of Investments - (CF)	-	1.82M	681K	-45K	53K
Asset Writedown & Restructuring Costs	22.42M	17M	-3.64M	-722K	1.74M
(Income) Loss On Equity Investments - (CF)	1.42M	945K	31K	5K	-
Stock-Based Compensation (CF)	3.16M	1.85M	3.33M	8.13M	-
Provision and Write-off of Bad Debts	-	-	-	-	-
Net Cash From Discontinued Operations	-	-	35K	-	-
Other Operating Activities, Total	-89.41M	26.14M	22.92M	22.23M	111M
Change In Accounts Receivable	-3.57M	8.54M	-8.15M	-3.18M	9.72M
Change In Inventories	-1.64M	4.02M	-5.09M	-1.37M	4.52M
Change In Accounts Payable	5.8M	-4.08M	6.73M	-5.52M	-8.23M
Change in Unearned Revenues	28K	1.01M	3.35M	-4.07M	-1.38M
Change in Other Net Operating Assets	638K	-398K	233K	49K	458K
Cash from Operations	-55.59M	70.38M	205M	186M	155M
Capital Expenditure	-94K	-67K	-49K	-113K	-652K
Sale of Property, Plant, and Equipment	5K	-	21K	298K	16K
Cash Acquisitions	-	-28.31M	-	-	2.05M
Divestitures	-	-	128K	-	-
Sale (Purchase) of Intangible assets	-161K	-352K	-6K	-126K	-212K
Investment in Marketable and Equity Securities, Total	2.5M	-	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	32.92M	6.17M	972K	39K	-
Cash from Investing	35.17M	-22.56M	1.07M	98K	1.2M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	95.82M	60.72M	48.03M	-	-
Total Debt Issued	95.82M	60.72M	48.03M	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-75.44M	-103M	-118M	-107M	-115M
Total Debt Repaid	-75.44M	-103M	-118M	-107M	-115M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-1.99M	-	-11.88M	-	-32.44M
Common Dividends Paid	-	-	-13.55M	-136M	-1.17M
Common & Preferred Stock Dividends Paid	-	-	-13.55M	-136M	-1.17M
Other Financing Activities, Total	987K	155K	-43.54M	-485K	1.35M
Cash from Financing	19.37M	-41.98M	-139M	-243M	-147M
Foreign Exchange Rate Adjustments	77K	-427K	-541K	-667K	-205K
Net Change in Cash	-971K	5.42M	66.3M	-57.68M	8.67M
Supplemental Items
Cash Interest Paid	11.31M	14.95M	11.62M	14.55M	16.94M
Cash Income Tax Paid (Refund)	557K	437K	864K	432K	2.75M
Levered Free Cash Flow	73.27M	45.67M	142M	133M	66.99M
Unlevered Free Cash Flow	80.72M	56.26M	150M	144M	77.68M
Change In Net Working Capital	-34.48M	-9.19M	3.65M	8.82M	-16.34M
Net Debt Issued / Repaid	20.38M	-42.14M	-70.12M	-107M	-115M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-1.12	-1.03	13.89	12.93	0.9
Return on Total Capital	-1.23	-1.12	14.89	13.9	0.97
Return On Equity %	-15.97	-16.25	46.25	34.05	-3.61
Return on Common Equity	-15.97	-16.72	45.91	34.05	-3.61
Margin Analysis
Gross Profit Margin %	20.69	23.41	52.14	50.59	24.42
SG&A Margin	8.58	8.81	7.92	9.4	8.44
EBITDA Margin %	1.77	3.39	35.06	31.86	6.89
EBITA Margin %	-2.62	-3.33	30.93	26.86	2.04
EBIT Margin %	-2.63	-3.38	30.89	26.83	1.88
Income From Continuing Operations Margin %	-13.14	-14.72	29.1	22.45	-2.49
Net Income Margin %	-13.14	-13.89	26.09	22.45	-2.49
Net Avail. For Common Margin %	-13.14	-13.89	26.78	22.45	-2.49
Normalized Net Income Margin	-3.85	-4	15.34	14.68	-1.17
Levered Free Cash Flow Margin	22.13	16.36	31.12	28.85	17.31
Unlevered Free Cash Flow Margin	24.38	20.15	32.81	31.18	20.07
Asset Turnover
Asset Turnover	0.68	0.49	0.72	0.77	0.77
Fixed Assets Turnover	1.09	0.63	0.92	1.02	1
Receivables Turnover (Average Receivables)	20.8	20.95	42.43	36.45	34.86
Inventory Turnover (Average Inventory)	22.75	20.43	19.3	15.59	22.48
Short Term Liquidity
Current Ratio	1.05	0.7	1.61	1.16	1.13
Quick Ratio	0.81	0.58	1.24	0.76	0.85
Operating Cash Flow to Current Liabilities	-0.64	0.6	2.04	2.05	1.79
Days Sales Outstanding (Average Receivables)	17.54	17.47	8.6