Mandalay Resources Balance Sheet Health
Financial Health criteria checks 6/6
Mandalay Resources has a total shareholder equity of $214.0M and total debt of $25.4M, which brings its debt-to-equity ratio to 11.9%. Its total assets and total liabilities are $323.3M and $109.2M respectively. Mandalay Resources's EBIT is $59.5M making its interest coverage ratio 1450.6. It has cash and short-term investments of $63.9M.
Key information
11.9%
Debt to equity ratio
US$25.38m
Debt
| Interest coverage ratio | 1450.6x |
| Cash | US$63.89m |
| Equity | US$214.03m |
| Total liabilities | US$109.24m |
| Total assets | US$323.27m |
Recent financial health updates
Is Mandalay Resources (TSE:MND) A Risky Investment?
Sep 12
Here's Why Mandalay Resources (TSE:MND) Has A Meaningful Debt Burden
Oct 24Does Mandalay Resources (TSE:MND) Have A Healthy Balance Sheet?
Jul 12Mandalay Resources (TSE:MND) Seems To Use Debt Quite Sensibly
Aug 23Mandalay Resources (TSE:MND) Has A Pretty Healthy Balance Sheet
May 11Does Mandalay Resources (TSE:MND) Have A Healthy Balance Sheet?
Nov 07Recent updates
Is Mandalay Resources (TSE:MND) A Risky Investment?
Sep 12Mandalay Resources Corporation's (TSE:MND) 60% Share Price Surge Not Quite Adding Up
Apr 24Investors Will Want Mandalay Resources' (TSE:MND) Growth In ROCE To Persist
Jan 30Here's Why Mandalay Resources (TSE:MND) Has A Meaningful Debt Burden
Oct 24There's Been No Shortage Of Growth Recently For Mandalay Resources' (TSE:MND) Returns On Capital
Oct 04Does Mandalay Resources (TSE:MND) Have A Healthy Balance Sheet?
Jul 12Mandalay Resources (TSE:MND) Is Doing The Right Things To Multiply Its Share Price
Jun 15Under The Bonnet, Mandalay Resources' (TSE:MND) Returns Look Impressive
Oct 04Mandalay Resources (TSE:MND) Seems To Use Debt Quite Sensibly
Aug 23Why We Like The Returns At Mandalay Resources (TSE:MND)
Jun 18Mandalay Resources (TSE:MND) Has A Pretty Healthy Balance Sheet
May 11Mandalay Resources Corporation (TSE:MND) Held Back By Insufficient Growth Even After Shares Climb 26%
Mar 07Mandalay Resources (TSE:MND) Is Investing Its Capital With Increasing Efficiency
Mar 04Does Mandalay Resources (TSE:MND) Have A Healthy Balance Sheet?
Nov 07Financial Position Analysis
Short Term Liabilities: MND's short term assets ($114.3M) exceed its short term liabilities ($64.5M).
Long Term Liabilities: MND's short term assets ($114.3M) exceed its long term liabilities ($44.7M).
Debt to Equity History and Analysis
Debt Level: MND has more cash than its total debt.
Reducing Debt: MND's debt to equity ratio has reduced from 48.6% to 11.9% over the past 5 years.
Debt Coverage: MND's debt is well covered by operating cash flow (287.2%).
Interest Coverage: MND's interest payments on its debt are well covered by EBIT (1450.6x coverage).