Resolute Mining Balance Sheet Health
Financial Health criteria checks 6/6
Resolute Mining has a total shareholder equity of $542.2M and total debt of $71.6M, which brings its debt-to-equity ratio to 13.2%. Its total assets and total liabilities are $853.1M and $310.9M respectively. Resolute Mining's EBIT is $84.0M making its interest coverage ratio 7.5. It has cash and short-term investments of $59.8M.
Key information
13.2%
Debt to equity ratio
US$71.59m
Debt
| Interest coverage ratio | 7.5x |
| Cash | US$59.77m |
| Equity | US$542.17m |
| Total liabilities | US$310.91m |
| Total assets | US$853.08m |
Recent financial health updates
Resolute Mining (ASX:RSG) Has A Rock Solid Balance Sheet
Mar 05
Resolute Mining (ASX:RSG) Seems To Use Debt Quite Sensibly
Nov 14Resolute Mining (ASX:RSG) Seems To Use Debt Quite Sensibly
May 09Is Resolute Mining (ASX:RSG) Weighed On By Its Debt Load?
Dec 28Is Resolute Mining (ASX:RSG) Using Debt In A Risky Way?
Sep 02Resolute Mining (ASX:RSG) Has Debt But No Earnings; Should You Worry?
Feb 25Recent updates
Resolute Mining Limited's (ASX:RSG) Shares Bounce 26% But Its Business Still Trails The Industry
Apr 05Resolute Mining (ASX:RSG) Has A Rock Solid Balance Sheet
Mar 05Resolute Mining Limited's (ASX:RSG) Shares Lagging The Industry But So Is The Business
Jan 04Resolute Mining (ASX:RSG) Seems To Use Debt Quite Sensibly
Nov 14Resolute Mining (ASX:RSG) Seems To Use Debt Quite Sensibly
May 09Earnings Update: Resolute Mining Limited (ASX:RSG) Just Reported Its Annual Results And Analysts Are Updating Their Forecasts
Feb 27Is Resolute Mining (ASX:RSG) Weighed On By Its Debt Load?
Dec 28Is Resolute Mining (ASX:RSG) Using Debt In A Risky Way?
Sep 02Resolute Mining (ASX:RSG) Has Debt But No Earnings; Should You Worry?
Feb 25Estimating The Fair Value Of Resolute Mining Limited (ASX:RSG)
Aug 11Estimating The Intrinsic Value Of Resolute Mining Limited (ASX:RSG)
Mar 29Here's Why Resolute Mining (ASX:RSG) Can Afford Some Debt
Mar 08Read This Before Selling Resolute Mining Limited (ASX:RSG) Shares
Feb 15What Type Of Shareholders Own The Most Number of Resolute Mining Limited (ASX:RSG) Shares?
Jan 19
Resolute Mining Limited's (ASX:RSG) Intrinsic Value Is Potentially 17% Below Its Share Price
Dec 21Financial Position Analysis
Short Term Liabilities: RSG's short term assets ($269.5M) exceed its short term liabilities ($215.4M).
Long Term Liabilities: RSG's short term assets ($269.5M) exceed its long term liabilities ($95.5M).
Debt to Equity History and Analysis
Debt Level: RSG's net debt to equity ratio (2.2%) is considered satisfactory.
Reducing Debt: RSG's debt to equity ratio has reduced from 29.6% to 13.2% over the past 5 years.
Debt Coverage: RSG's debt is well covered by operating cash flow (148.8%).
Interest Coverage: RSG's interest payments on its debt are well covered by EBIT (7.5x coverage).