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 08These 4 Measures Indicate That Mineral Resources (ASX:MIN) Is Using Debt Reasonably Well
Apr 14Financial 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).