Lynas Rare Earths Balance Sheet Health
Financial Health criteria checks 6/6
Lynas Rare Earths has a total shareholder equity of A$2.2B and total debt of A$172.6M, which brings its debt-to-equity ratio to 7.8%. Its total assets and total liabilities are A$2.7B and A$523.7M respectively. Lynas Rare Earths's EBIT is A$159.5M making its interest coverage ratio -3.5. It has cash and short-term investments of A$686.1M.
Key information
7.8%
Debt to equity ratio
AU$172.55m
Debt
Interest coverage ratio | -3.5x |
Cash | AU$686.10m |
Equity | AU$2.20b |
Total liabilities | AU$523.67m |
Total assets | AU$2.72b |
Recent financial health updates
Is Lynas Rare Earths (ASX:LYC) A Risky Investment?
Jun 19Here's Why Lynas Rare Earths (ASX:LYC) Has A Meaningful Debt Burden
Mar 14Is Lynas Rare Earths (ASX:LYC) Using Too Much Debt?
Sep 16Lynas Rare Earths (ASX:LYC) Seems To Use Debt Rather Sparingly
Apr 08Lynas Rare Earths (ASX:LYC) Could Easily Take On More Debt
Sep 17Does Lynas Rare Earths (ASX:LYC) Have A Healthy Balance Sheet?
Mar 25Recent updates
Lynas Rare Earths Limited's (ASX:LYC) Price In Tune With Earnings
Jul 12Is Lynas Rare Earths (ASX:LYC) A Risky Investment?
Jun 19Lynas Rare Earths (ASX:LYC) Hasn't Managed To Accelerate Its Returns
May 01Here's Why Lynas Rare Earths (ASX:LYC) Has A Meaningful Debt Burden
Mar 14Investors Continue Waiting On Sidelines For Lynas Rare Earths Limited (ASX:LYC)
Jan 31Lynas Rare Earths (ASX:LYC) Has Some Way To Go To Become A Multi-Bagger
Dec 27The Lynas Rare Earths Limited (ASX:LYC) Analysts Have Been Trimming Their Sales Forecasts
Oct 23Is Lynas Rare Earths (ASX:LYC) Using Too Much Debt?
Sep 16Estimating The Intrinsic Value Of Lynas Rare Earths Limited (ASX:LYC)
Jul 26Lynas Rare Earths (ASX:LYC) Is Very Good At Capital Allocation
Jul 05Here's Why We Think Lynas Rare Earths (ASX:LYC) Might Deserve Your Attention Today
Jun 06Calculating The Fair Value Of Lynas Rare Earths Limited (ASX:LYC)
Apr 26Lynas Rare Earths (ASX:LYC) Seems To Use Debt Rather Sparingly
Apr 08Lynas Rare Earths (ASX:LYC) Is Investing Its Capital With Increasing Efficiency
Mar 23Here's Why Lynas Rare Earths (ASX:LYC) Has Caught The Eye Of Investors
Feb 22Calculating The Fair Value Of Lynas Rare Earths Limited (ASX:LYC)
Jan 25Under The Bonnet, Lynas Rare Earths' (ASX:LYC) Returns Look Impressive
Dec 15The Compensation For Lynas Rare Earths Limited's (ASX:LYC) CEO Looks Deserved And Here's Why
Nov 22Lynas Rare Earths (ASX:LYC) Could Easily Take On More Debt
Sep 17Why We Like The Returns At Lynas Rare Earths (ASX:LYC)
Sep 02With EPS Growth And More, Lynas Rare Earths (ASX:LYC) Makes An Interesting Case
Aug 17Estimating The Fair Value Of Lynas Rare Earths Limited (ASX:LYC)
Jun 14Investors Will Want Lynas Rare Earths' (ASX:LYC) Growth In ROCE To Persist
May 27Does Lynas Rare Earths (ASX:LYC) Have A Healthy Balance Sheet?
Mar 25Analysts Are Betting On Lynas Rare Earths Limited (ASX:LYC) With A Big Upgrade This Week
Mar 10A Look At The Intrinsic Value Of Lynas Rare Earths Limited (ASX:LYC)
Feb 27Returns On Capital Are Showing Encouraging Signs At Lynas Rare Earths (ASX:LYC)
Feb 07Lynas Rare Earths Limited's (ASX:LYC) CEO Looks Like They Deserve Their Pay Packet
Nov 22Lynas Rare Earths' (ASX:LYC) Returns On Capital Are Heading Higher
Oct 31Lynas Rare Earths Limited (ASX:LYC) Shares Could Be 24% Below Their Intrinsic Value Estimate
Oct 05Lynas Rare Earths' (ASX:LYC) Solid Profits Have Weak Fundamentals
Sep 03Lynas Rare Earths (ASX:LYC) Is Doing The Right Things To Multiply Its Share Price
Jul 19Lynas Rare Earths (ASX:LYC) Has A Pretty Healthy Balance Sheet
May 23Financial Position Analysis
Short Term Liabilities: LYC's short term assets (A$835.7M) exceed its short term liabilities (A$142.4M).
Long Term Liabilities: LYC's short term assets (A$835.7M) exceed its long term liabilities (A$381.3M).
Debt to Equity History and Analysis
Debt Level: LYC has more cash than its total debt.
Reducing Debt: LYC's debt to equity ratio has reduced from 52.3% to 7.8% over the past 5 years.
Debt Coverage: LYC's debt is well covered by operating cash flow (116.1%).
Interest Coverage: LYC earns more interest than it pays, so coverage of interest payments is not a concern.