High Peak Royalties Balance Sheet Health
Financial Health criteria checks 6/6
High Peak Royalties has a total shareholder equity of A$9.3M and total debt of A$1.1M, which brings its debt-to-equity ratio to 11.8%. Its total assets and total liabilities are A$10.5M and A$1.2M respectively. High Peak Royalties's EBIT is A$475.4K making its interest coverage ratio 3.1. It has cash and short-term investments of A$1.1M.
Key information
11.8%
Debt to equity ratio
AU$1.10m
Debt
| Interest coverage ratio | 3.1x |
| Cash | AU$1.13m |
| Equity | AU$9.28m |
| Total liabilities | AU$1.19m |
| Total assets | AU$10.46m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HPR's short term assets (A$1.4M) exceed its short term liabilities (A$1.2M).
Long Term Liabilities: HPR has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: HPR has more cash than its total debt.
Reducing Debt: HPR's debt to equity ratio has reduced from 28.3% to 11.8% over the past 5 years.
Debt Coverage: HPR's debt is well covered by operating cash flow (66%).
Interest Coverage: HPR's interest payments on its debt are well covered by EBIT (3.1x coverage).