Kingston Resources Balance Sheet Health
Financial Health criteria checks 3/6
Kingston Resources has a total shareholder equity of A$81.3M and total debt of A$9.7M, which brings its debt-to-equity ratio to 11.9%. Its total assets and total liabilities are A$114.0M and A$32.7M respectively. Kingston Resources's EBIT is A$12.5M making its interest coverage ratio 37.7. It has cash and short-term investments of A$10.9M.
Key information
11.9%
Debt to equity ratio
AU$9.67m
Debt
| Interest coverage ratio | 37.7x |
| Cash | AU$10.88m |
| Equity | AU$81.32m |
| Total liabilities | AU$32.67m |
| Total assets | AU$113.99m |
Recent financial health updates
Here's Why Kingston Resources (ASX:KSN) Can Manage Its Debt Responsibly
Mar 22
Is Kingston Resources (ASX:KSN) Using Too Much Debt?
Mar 16Recent updates
Here's Why Kingston Resources (ASX:KSN) Can Manage Its Debt Responsibly
Mar 22Kingston Resources Limited's (ASX:KSN) Shares Lagging The Industry But So Is The Business
Dec 04Is Kingston Resources (ASX:KSN) Using Too Much Debt?
Mar 16Michael Wilkes Is The Non-Executive Chairman of Kingston Resources Limited (ASX:KSN) And They Just Picked Up 318% More Shares
Feb 04How Much Are Kingston Resources Limited (ASX:KSN) Insiders Spending On Buying Shares?
Dec 24
Financial Position Analysis
Short Term Liabilities: KSN's short term assets (A$14.5M) do not cover its short term liabilities (A$16.1M).
Long Term Liabilities: KSN's short term assets (A$14.5M) do not cover its long term liabilities (A$16.6M).
Debt to Equity History and Analysis
Debt Level: KSN has more cash than its total debt.
Reducing Debt: KSN's debt to equity ratio has increased from 0% to 11.9% over the past 5 years.
Debt Coverage: KSN's debt is well covered by operating cash flow (206.7%).
Interest Coverage: KSN's interest payments on its debt are well covered by EBIT (37.7x coverage).