Harmony Gold Mining Balance Sheet Health
Financial Health criteria checks 5/6
Harmony Gold Mining has a total shareholder equity of ZAR40.9B and total debt of ZAR1.8B, which brings its debt-to-equity ratio to 4.4%. Its total assets and total liabilities are ZAR60.5B and ZAR19.5B respectively. Harmony Gold Mining's EBIT is ZAR14.4B making its interest coverage ratio -24.6. It has cash and short-term investments of ZAR4.7B.
Key information
4.4%
Debt to equity ratio
R1.79b
Debt
| Interest coverage ratio | -24.6x |
| Cash | R4.69b |
| Equity | R40.95b |
| Total liabilities | R19.51b |
| Total assets | R60.46b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HMY's short term assets (ZAR11.5B) exceed its short term liabilities (ZAR7.4B).
Long Term Liabilities: HMY's short term assets (ZAR11.5B) do not cover its long term liabilities (ZAR12.2B).
Debt to Equity History and Analysis
Debt Level: HMY has more cash than its total debt.
Reducing Debt: HMY's debt to equity ratio has reduced from 26.2% to 4.4% over the past 5 years.
Debt Coverage: HMY's debt is well covered by operating cash flow (872.4%).
Interest Coverage: HMY earns more interest than it pays, so coverage of interest payments is not a concern.