Sandfire Resources Balance Sheet Health
Financial Health criteria checks 3/6
Sandfire Resources has a total shareholder equity of $1.7B and total debt of $560.3M, which brings its debt-to-equity ratio to 33.6%. Its total assets and total liabilities are $3.0B and $1.3B respectively. Sandfire Resources's EBIT is $49.5M making its interest coverage ratio 0.9. It has cash and short-term investments of $183.3M.
Key information
33.6%
Debt to equity ratio
US$560.31m
Debt
| Interest coverage ratio | 0.9x |
| Cash | US$183.34m |
| Equity | US$1.67b |
| Total liabilities | US$1.33b |
| Total assets | US$3.00b |
Recent financial health updates
Is Sandfire Resources (ASX:SFR) Using Too Much Debt?
Mar 22
Sandfire Resources (ASX:SFR) Is Carrying A Fair Bit Of Debt
Oct 03Sandfire Resources (ASX:SFR) Takes On Some Risk With Its Use Of Debt
Apr 14We Think Sandfire Resources (ASX:SFR) Can Stay On Top Of Its Debt
Oct 13Is Sandfire Resources (ASX:SFR) A Risky Investment?
Jun 24Is Sandfire Resources (ASX:SFR) A Risky Investment?
Mar 25Recent updates
Sandfire Resources Limited (ASX:SFR) Full-Year Results Just Came Out: Here's What Analysts Are Forecasting For This Year
Aug 30Lacklustre Performance Is Driving Sandfire Resources Limited's (ASX:SFR) Low P/S
May 21Calculating The Intrinsic Value Of Sandfire Resources Limited (ASX:SFR)
Apr 24Is Sandfire Resources (ASX:SFR) Using Too Much Debt?
Mar 22Sandfire Resources Limited's (ASX:SFR) Intrinsic Value Is Potentially 98% Above Its Share Price
Nov 23Sandfire Resources (ASX:SFR) Is Carrying A Fair Bit Of Debt
Oct 03Estimating The Fair Value Of Sandfire Resources Limited (ASX:SFR)
Aug 22Are Investors Undervaluing Sandfire Resources Limited (ASX:SFR) By 40%?
May 20Sandfire Resources (ASX:SFR) Takes On Some Risk With Its Use Of Debt
Apr 14Are Investors Undervaluing Sandfire Resources Limited (ASX:SFR) By 49%?
Feb 04We Think Sandfire Resources (ASX:SFR) Can Stay On Top Of Its Debt
Oct 13Is Sandfire Resources (ASX:SFR) A Risky Investment?
Jun 24Is Sandfire Resources (ASX:SFR) A Risky Investment?
Mar 25Sandfire Resources (ASX:SFR) Is Reducing Its Dividend To AU$0.03
Mar 02Financial Position Analysis
Short Term Liabilities: SFR's short term assets ($328.4M) exceed its short term liabilities ($227.6M).
Long Term Liabilities: SFR's short term assets ($328.4M) do not cover its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: SFR's net debt to equity ratio (22.6%) is considered satisfactory.
Reducing Debt: SFR's debt to equity ratio has increased from 0% to 33.6% over the past 5 years.
Debt Coverage: SFR's debt is well covered by operating cash flow (61.6%).
Interest Coverage: SFR's interest payments on its debt are not well covered by EBIT (0.9x coverage).