Champion Iron Balance Sheet Health
Financial Health criteria checks 5/6
Champion Iron has a total shareholder equity of CA$1.4B and total debt of CA$520.2M, which brings its debt-to-equity ratio to 36%. Its total assets and total liabilities are CA$2.8B and CA$1.4B respectively. Champion Iron's EBIT is CA$450.3M making its interest coverage ratio 17.2. It has cash and short-term investments of CA$183.8M.
Key information
36.0%
Debt to equity ratio
CA$520.15m
Debt
| Interest coverage ratio | 17.2x |
| Cash | CA$183.78m |
| Equity | CA$1.45b |
| Total liabilities | CA$1.36b |
| Total assets | CA$2.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CIA's short term assets (CA$790.9M) exceed its short term liabilities (CA$360.2M).
Long Term Liabilities: CIA's short term assets (CA$790.9M) do not cover its long term liabilities (CA$995.0M).
Debt to Equity History and Analysis
Debt Level: CIA's net debt to equity ratio (23.3%) is considered satisfactory.
Reducing Debt: CIA's debt to equity ratio has reduced from 74.3% to 36% over the past 5 years.
Debt Coverage: CIA's debt is well covered by operating cash flow (82.5%).
Interest Coverage: CIA's interest payments on its debt are well covered by EBIT (17.2x coverage).