Mount Gibson Iron Balance Sheet Health
Financial Health criteria checks 6/6
Mount Gibson Iron has a total shareholder equity of A$546.2M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$664.3M and A$118.1M respectively. Mount Gibson Iron's EBIT is A$33.8M making its interest coverage ratio -2.2. It has cash and short-term investments of A$463.0M.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | -2.2x |
| Cash | AU$463.03m |
| Equity | AU$546.17m |
| Total liabilities | AU$118.13m |
| Total assets | AU$664.30m |
Recent financial health updates
Recent updates
Mount Gibson Iron Limited's (ASX:MGX) Popularity With Investors Is Under Threat From Overpricing
Sep 30
It's Unlikely That The CEO Of Mount Gibson Iron Limited (ASX:MGX) Will See A Huge Pay Rise This Year
Nov 08Estimating The Intrinsic Value Of Mount Gibson Iron Limited (ASX:MGX)
Oct 26Estimating The Intrinsic Value Of Mount Gibson Iron Limited (ASX:MGX)
Jan 19Does Mount Gibson Iron (ASX:MGX) Have A Healthy Balance Sheet?
Jun 14Estimating The Intrinsic Value Of Mount Gibson Iron Limited (ASX:MGX)
May 02Returns Are Gaining Momentum At Mount Gibson Iron (ASX:MGX)
Dec 10It Looks Like Mount Gibson Iron Limited's (ASX:MGX) CEO May Expect Their Salary To Be Put Under The Microscope
Nov 03Mount Gibson Iron (ASX:MGX) Has Announced That Its Dividend Will Be Reduced To AU$0.02
Aug 27Returns On Capital Are Showing Encouraging Signs At Mount Gibson Iron (ASX:MGX)
Jul 27Mount Gibson Iron's (ASX:MGX) Returns On Capital Are Heading Higher
Apr 16Does Mount Gibson Iron Limited (ASX:MGX) Have A Place In Your Dividend Portfolio?
Mar 02Mount Gibson Iron (ASX:MGX) Has Rewarded Shareholders With An Exceptional 487% Total Return On Their Investment
Feb 12
Is Mount Gibson Iron Limited's (ASX:MGX) Latest Stock Performance A Reflection Of Its Financial Health?
Jan 28What We Make Of Mount Gibson Iron's (ASX:MGX) Returns On Capital
Jan 13What Kind Of Shareholders Hold The Majority In Mount Gibson Iron Limited's (ASX:MGX) Shares?
Dec 29Calculating The Intrinsic Value Of Mount Gibson Iron Limited (ASX:MGX)
Dec 14You Have To Love Mount Gibson Iron Limited's (ASX:MGX) Dividend
Nov 29Should You Be Adding Mount Gibson Iron (ASX:MGX) To Your Watchlist Today?
Aug 10Potential Upside For Mount Gibson Iron Limited (ASX:MGX) Not Without Risk
Jul 28Mount Gibson Iron Limited's (ASX:MGX) Recent Stock Performance Looks Decent- Can Strong Fundamentals Be the Reason?
Jul 15Will the Promising Trends At Mount Gibson Iron (ASX:MGX) Continue?
Jun 30Financial Position Analysis
Short Term Liabilities: MGX's short term assets (A$529.9M) exceed its short term liabilities (A$60.5M).
Long Term Liabilities: MGX's short term assets (A$529.9M) exceed its long term liabilities (A$57.6M).
Debt to Equity History and Analysis
Debt Level: MGX is debt free.
Reducing Debt: MGX has no debt compared to 5 years ago when its debt to equity ratio was 0.3%.
Debt Coverage: MGX has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MGX has no debt, therefore coverage of interest payments is not a concern.