Skip to content
To the full analysis

Grand City Properties stock: balance sheet and debt

GYC.DE
$8.55Closing price of 12 Nov 2026MEQIRI Score 56 out of 100

Grand City Properties has a debt to equity ratio of 1.22 and an interest coverage of 8.5x.

Daily figure as of 13 Nov 2026

Debt / Equity
1.22
Interest coverage
8.5x
Current ratio
3.46
Cash & equivalents
$1.8B
Total assets
$12.75B
Equity ratio
41%
Goodwill and intangible assets
$3.72M
not split out
Net debt
$4.58B

Total assets and equity ratio

How large the balance sheet of Grand City Properties S.A. is, how much of it is equity and how much is goodwill from acquisitions.

Equity ratio

Figures as a table
YearTotal assetsGoodwill and intangible assetsof which goodwillEquity ratioNet debt
2008$19.11Mnot reported separatelynot reported separately24.8%$11.16M
2009$70.11Mnot reported separatelynot reported separately36.6%$36.33M
2010$221.08Mnot reported separatelynot reported separately21.8%$146.44M
2011$319.3M$3.1Mnot split out30.8%$168.64M
2012$614.69Mnot reported separatelynot reported separately36.6%$215.97M
2013$1.83B$3.81M$2.91M46.5%$583.52M
2014$2.91B$6.09M$5.02M39.6%$1.08B
2015$5.2B$5.82M$5.02M46.3%$1.75B
2016$6.82B$11.11Mnot split out49.8%$1.95B
2017$8.32B$11.79Mnot split out51.3%$2.65B
2018$9.82B$16.34Mnot split out52.7%$2.84B
2019$10.92B$16.27Mnot split out50.4%$3.04B
2020$12.04B$15.41Mnot split out51.1%$2.85B
2021$12.81B$16.31Mnot split out50.2%$3.77B
2022$12.33B$12.19Mnot split out53.1%$3.95B
2023$12.1B$6.42Mnot split out36.6%$3.34B
2024$12.43B$5.3Mnot split out48.3%$3.08B
2025$12.75B$3.72Mnot split out41.0%$4.58B

The equity ratio divides total equity, including non-controlling interests, by total assets. Net debt is debt minus cash and short-term investments; a negative figure means cash exceeds debt. In years without separate goodwill, the table shows the sum of goodwill and intangible assets, because the data do not list goodwill separately there.

Equity and debt

What the company owns and owes

  • Cash & equivalents
  • Equity
  • Debt
Figures as a table
YearCash & equivalentsEquityDebtDebt / Equity
2008$139.62K$4.45M$11.3M2.38
2009$1.65M$23.89M$37.98M1.48
2010$9.85M$45.38M$156.29M3.25
2011$8.49M$97.5M$177.13M1.8
2012$89.73M$204.18M$305.7M1.36
2013$159.38M$781.13M$742.9M0.87
2014$317.6M$1.05B$1.4B1.21
2015$485.59M$2.25B$2.24B0.93
2016$717.5M$3.18B$2.67B0.79
2017$449.64M$3.86B$3.1B0.73
2018$842.13M$4.72B$3.68B0.71
2019$1.18B$5.01B$4.22B0.77
2020$1.87B$5.56B$4.73B0.77
2021$1.23B$5.75B$5B0.78
2022$473.56M$5.82B$4.42B0.68
2023$1.36B$3.85B$4.71B1.06
2024$1.68B$5.44B$4.76B0.79
2025$1.8B$4.52B$6.37B1.22

Debt to equity divides debt by total equity, including non-controlling interests, as S&P calculates it. The equity column shows the part that belongs to shareholders.

Data status and sources

Score
Daily value of 13 Nov 2026, recalculated nightly
Price
Closing price of 12 Nov 2026
Latest annual report
Fiscal year 2025, period end 31 Dec 2025
Currency
Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = €0.9024)
Source
Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.

Mandatory disclosures for this rating

  • ; time horizon around 12 months
  • Rated Neutral, published since 7 Nov 2026 (in the score history since 15 Oct 2026)
  • Valuation signal Undervalued since 7 Nov 2026
  • End-of-day prices, metrics cached for up to 24 hours
  • Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
  • Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
  • Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.

MEQIRI counts visits without cookies. With your consent we remember for 90 days where you came from, also in your account, count page changes and time on page, recognise your next visit and load the Meta Pixel, which measures our advertising. You can withdraw your consent at any time under Cookie settings. Privacy