Mineral Resources Balance Sheet Health
Financial Health criteria checks 2/6
Mineral Resources has a total shareholder equity of A$4.0B and total debt of A$4.5B, which brings its debt-to-equity ratio to 113.9%. Its total assets and total liabilities are A$11.0B and A$7.0B respectively. Mineral Resources's EBIT is A$455.8M making its interest coverage ratio 2.2. It has cash and short-term investments of A$1.4B.
Key information
113.9%
Debt to equity ratio
AU$4.54b
Debt
| Interest coverage ratio | 2.2x |
| Cash | AU$1.38b |
| Equity | AU$3.99b |
| Total liabilities | AU$6.97b |
| Total assets | AU$10.95b |
Recent financial health updates
Mineral Resources (ASX:MIN) Use Of Debt Could Be Considered Risky
Mar 14
Mineral Resources (ASX:MIN) Has A Pretty Healthy Balance Sheet
Dec 12These 4 Measures Indicate That Mineral Resources (ASX:MIN) Is Using Debt Reasonably Well
Sep 13These 4 Measures Indicate That Mineral Resources (ASX:MIN) Is Using Debt Reasonably Well
Apr 01Is Mineral Resources (ASX:MIN) Using Too Much Debt?
Dec 27We Think Mineral Resources (ASX:MIN) Is Taking Some Risk With Its Debt
Sep 19Recent updates
Here's What's Concerning About Mineral Resources' (ASX:MIN) Returns On Capital
Apr 16Mineral Resources Limited (ASX:MIN) Shares Could Be 40% Below Their Intrinsic Value Estimate
Mar 29Mineral Resources (ASX:MIN) Use Of Debt Could Be Considered Risky
Mar 14Mineral Resources Limited (ASX:MIN) Half-Year Results: Here's What Analysts Are Forecasting For This Year
Feb 23With Mineral Resources Limited (ASX:MIN) It Looks Like You'll Get What You Pay For
Jan 07Mineral Resources (ASX:MIN) Has A Pretty Healthy Balance Sheet
Dec 12These 4 Measures Indicate That Mineral Resources (ASX:MIN) Is Using Debt Reasonably Well
Sep 13Mineral Resources Limited's (ASX:MIN) Intrinsic Value Is Potentially 35% Above Its Share Price
Jun 14These 4 Measures Indicate That Mineral Resources (ASX:MIN) Is Using Debt Reasonably Well
Apr 01Mineral Resources Limited's (ASX:MIN) Intrinsic Value Is Potentially 35% Above Its Share Price
Mar 15Is Mineral Resources (ASX:MIN) Using Too Much Debt?
Dec 27Are Investors Undervaluing Mineral Resources Limited (ASX:MIN) By 41%?
Nov 21We Think Mineral Resources (ASX:MIN) Is Taking Some Risk With Its Debt
Sep 19Are Investors Undervaluing Mineral Resources Limited (ASX:MIN) By 50%?
Jul 14Here's Why We Think Mineral Resources (ASX:MIN) Is Well Worth Watching
Jun 08These 4 Measures Indicate That Mineral Resources (ASX:MIN) Is Using Debt Reasonably Well
Apr 14Does Mineral Resources (ASX:MIN) Deserve A Spot On Your Watchlist?
Mar 09Is Mineral Resources Limited (ASX:MIN) Trading At A 37% Discount?
Feb 19Is Mineral Resources (ASX:MIN) A Risky Investment?
Dec 24Here's Why I Think Mineral Resources (ASX:MIN) Is An Interesting Stock
Dec 06Does This Valuation Of Mineral Resources Limited (ASX:MIN) Imply Investors Are Overpaying?
Nov 19Does Mineral Resources (ASX:MIN) Have A Healthy Balance Sheet?
Sep 12Financial Position Analysis
Short Term Liabilities: MIN's short term assets (A$2.8B) exceed its short term liabilities (A$1.8B).
Long Term Liabilities: MIN's short term assets (A$2.8B) do not cover its long term liabilities (A$5.2B).
Debt to Equity History and Analysis
Debt Level: MIN's net debt to equity ratio (79.2%) is considered high.
Reducing Debt: MIN's debt to equity ratio has increased from 49.7% to 113.9% over the past 5 years.
Debt Coverage: MIN's debt is well covered by operating cash flow (37.4%).
Interest Coverage: MIN's interest payments on its debt are not well covered by EBIT (2.2x coverage).