Mineral Resources Balance Sheet Health
Financial Health criteria checks 2/6
Mineral Resources has a total shareholder equity of A$3.6B and total debt of A$4.7B, which brings its debt-to-equity ratio to 132.4%. Its total assets and total liabilities are A$12.2B and A$8.6B respectively. Mineral Resources's EBIT is A$319.0M making its interest coverage ratio 1.8. It has cash and short-term investments of A$908.0M.
Key information
132.4%
Debt to equity ratio
AU$4.75b
Debt
| Interest coverage ratio | 1.8x |
| Cash | AU$908.00m |
| Equity | AU$3.58b |
| Total liabilities | AU$8.65b |
| Total assets | AU$12.23b |
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
Mineral Resources Limited (ASX:MIN) Stocks Pounded By 26% But Not Lagging Market On Growth Or Pricing
Aug 30The Price Is Right For Mineral Resources Limited (ASX:MIN) Even After Diving 27%
Jun 24Here'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 08Financial Position Analysis
Short Term Liabilities: MIN's short term assets (A$2.6B) exceed its short term liabilities (A$2.5B).
Long Term Liabilities: MIN's short term assets (A$2.6B) do not cover its long term liabilities (A$6.2B).
Debt to Equity History and Analysis
Debt Level: MIN's net debt to equity ratio (107.1%) is considered high.
Reducing Debt: MIN's debt to equity ratio has increased from 71.3% to 132.4% over the past 5 years.
Debt Coverage: MIN's debt is well covered by operating cash flow (30.5%).
Interest Coverage: MIN's interest payments on its debt are not well covered by EBIT (1.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 20:40 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Mineral Resources Limited is covered by 36 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Swapan Pandya | APP Securities Pty Ltd. |
| Russell Wright | Barclay Pearce Capital Pty Limited |
| Glyn Lawcock | Barrenjoey Markets Pty Limited |