Kinross Gold Balance Sheet Health
Financial Health criteria checks 5/6
Kinross Gold has a total shareholder equity of $6.3B and total debt of $2.2B, which brings its debt-to-equity ratio to 35.6%. Its total assets and total liabilities are $10.6B and $4.3B respectively. Kinross Gold's EBIT is $813.7M making its interest coverage ratio 36.2. It has cash and short-term investments of $406.9M.
Key information
35.6%
Debt to equity ratio
US$2.23b
Debt
Interest coverage ratio | 36.2x |
Cash | US$406.90m |
Equity | US$6.27b |
Total liabilities | US$4.28b |
Total assets | US$10.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KGC's short term assets ($1.8B) exceed its short term liabilities ($1.6B).
Long Term Liabilities: KGC's short term assets ($1.8B) do not cover its long term liabilities ($2.7B).
Debt to Equity History and Analysis
Debt Level: KGC's net debt to equity ratio (29.1%) is considered satisfactory.
Reducing Debt: KGC's debt to equity ratio has reduced from 40.6% to 35.6% over the past 5 years.
Debt Coverage: KGC's debt is well covered by operating cash flow (77%).
Interest Coverage: KGC's interest payments on its debt are well covered by EBIT (36.2x coverage).