Resolute Mining Financial Health
Financial Health criteria checks 5/6
Resolute Mining has a total shareholder equity of $471.5M and total debt of $125.1M, which brings its debt-to-equity ratio to 26.5%. Its total assets and total liabilities are $868.8M and $397.3M respectively. Resolute Mining's EBIT is $11.4M making its interest coverage ratio 0.8. It has cash and short-term investments of $80.9M.
Key information
26.5%
Debt to equity ratio
US$125.12m
Debt
| Interest coverage ratio | 0.8x |
| Cash | US$80.87m |
| Equity | US$471.49m |
| Total liabilities | US$397.30m |
| Total assets | US$868.79m |
Recent financial health updates
Resolute Mining (ASX:RSG) Seems To Use Debt Quite Sensibly
May 09
Is 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 25Here's Why Resolute Mining (ASX:RSG) Can Afford Some Debt
Mar 08Recent updates
Resolute 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 21If You Had Bought Resolute Mining (ASX:RSG) Stock Five Years Ago, You Could Pocket A 162% Gain Today
Nov 30Financial Position Analysis
Short Term Liabilities: RSG's short term assets ($288.6M) exceed its short term liabilities ($283.7M).
Long Term Liabilities: RSG's short term assets ($288.6M) exceed its long term liabilities ($113.6M).
Debt to Equity History and Analysis
Debt Level: RSG's net debt to equity ratio (9.4%) is considered satisfactory.
Reducing Debt: RSG's debt to equity ratio has increased from 5.2% to 26.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable RSG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: RSG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 11.3% per year.