AIC Mines Balance Sheet Health
Financial Health criteria checks 5/6
AIC Mines has a total shareholder equity of A$157.9M and total debt of A$7.4M, which brings its debt-to-equity ratio to 4.7%. Its total assets and total liabilities are A$202.4M and A$44.5M respectively. AIC Mines's EBIT is A$4.4M making its interest coverage ratio 6.8. It has cash and short-term investments of A$36.3M.
Key information
4.7%
Debt to equity ratio
AU$7.38m
Debt
Interest coverage ratio | 6.8x |
Cash | AU$36.26m |
Equity | AU$157.89m |
Total liabilities | AU$44.52m |
Total assets | AU$202.41m |
Recent financial health updates
Is AIC Mines (ASX:A1M) A Risky Investment?
Apr 25Is AIC Mines (ASX:A1M) Using Debt Sensibly?
Oct 10We Think AIC Mines (ASX:A1M) Can Afford To Drive Business Growth
Feb 24Will AIC Mines (ASX:A1M) Spend Its Cash Wisely?
Nov 05Recent updates
Is AIC Mines (ASX:A1M) A Risky Investment?
Apr 25AIC Mines Limited (ASX:A1M) Surges 33% Yet Its Low P/S Is No Reason For Excitement
Apr 09Is AIC Mines Limited (ASX:A1M) Trading At A 40% Discount?
Mar 21Revenues Working Against AIC Mines Limited's (ASX:A1M) Share Price
Nov 14Is AIC Mines (ASX:A1M) Using Debt Sensibly?
Oct 10Is AIC Mines Limited (ASX:A1M) Worth AU$0.4 Based On Its Intrinsic Value?
May 15Are Investors Undervaluing AIC Mines Limited (ASX:A1M) By 39%?
Nov 12Returns At AIC Mines (ASX:A1M) Are On The Way Up
Jun 09We Don’t Think AIC Mines' (ASX:A1M) Earnings Should Make Shareholders Too Comfortable
Mar 07We Think AIC Mines (ASX:A1M) Can Afford To Drive Business Growth
Feb 24Will AIC Mines (ASX:A1M) Spend Its Cash Wisely?
Nov 05Who Has Been Buying AIC Mines Limited (ASX:A1M) Shares?
Mar 05Have Insiders Been Buying AIC Mines Limited (ASX:A1M) Shares This Year?
Nov 20Financial Position Analysis
Short Term Liabilities: A1M's short term assets (A$48.3M) exceed its short term liabilities (A$20.7M).
Long Term Liabilities: A1M's short term assets (A$48.3M) exceed its long term liabilities (A$23.9M).
Debt to Equity History and Analysis
Debt Level: A1M has more cash than its total debt.
Reducing Debt: A1M's debt to equity ratio has increased from 0% to 4.7% over the past 5 years.
Debt Coverage: A1M's debt is well covered by operating cash flow (494.8%).
Interest Coverage: A1M's interest payments on its debt are well covered by EBIT (6.8x coverage).