Evolution Mining Balance Sheet Health
Financial Health criteria checks 4/6
Evolution Mining has a total shareholder equity of A$4.1B and total debt of A$1.9B, which brings its debt-to-equity ratio to 46.9%. Its total assets and total liabilities are A$8.8B and A$4.7B respectively. Evolution Mining's EBIT is A$824.9M making its interest coverage ratio 5.7. It has cash and short-term investments of A$403.3M.
Key information
46.9%
Debt to equity ratio
AU$1.94b
Debt
| Interest coverage ratio | 5.7x |
| Cash | AU$403.33m |
| Equity | AU$4.14b |
| Total liabilities | AU$4.68b |
| Total assets | AU$8.82b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EVN's short term assets (A$1.1B) exceed its short term liabilities (A$979.6M).
Long Term Liabilities: EVN's short term assets (A$1.1B) do not cover its long term liabilities (A$3.7B).
Debt to Equity History and Analysis
Debt Level: EVN's net debt to equity ratio (37.1%) is considered satisfactory.
Reducing Debt: EVN's debt to equity ratio has increased from 12.2% to 46.9% over the past 5 years.
Debt Coverage: EVN's debt is well covered by operating cash flow (66%).
Interest Coverage: EVN's interest payments on its debt are well covered by EBIT (5.7x coverage).