Agnico Eagle Mines Balance Sheet Health
Financial Health criteria checks 5/6
Agnico Eagle Mines has a total shareholder equity of $20.0B and total debt of $1.8B, which brings its debt-to-equity ratio to 9.2%. Its total assets and total liabilities are $29.3B and $9.3B respectively. Agnico Eagle Mines's EBIT is $1.8B making its interest coverage ratio 19.4. It has cash and short-term investments of $930.4M.
Key information
9.2%
Debt to equity ratio
US$1.84b
Debt
| Interest coverage ratio | 19.4x |
| Cash | US$930.43m |
| Equity | US$20.00b |
| Total liabilities | US$9.29b |
| Total assets | US$29.29b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AEM's short term assets ($2.7B) exceed its short term liabilities ($1.8B).
Long Term Liabilities: AEM's short term assets ($2.7B) do not cover its long term liabilities ($7.5B).
Debt to Equity History and Analysis
Debt Level: AEM's net debt to equity ratio (4.6%) is considered satisfactory.
Reducing Debt: AEM's debt to equity ratio has reduced from 37.1% to 9.2% over the past 5 years.
Debt Coverage: AEM's debt is well covered by operating cash flow (161.5%).
Interest Coverage: AEM's interest payments on its debt are well covered by EBIT (19.4x coverage).