Mineral Resources Balance Sheet Health
Financial Health criteria checks 2/6
Mineral Resources has a total shareholder equity of A$4.0B and total debt of A$4.5B, which brings its debt-to-equity ratio to 113.9%. Its total assets and total liabilities are A$11.0B and A$7.0B respectively. Mineral Resources's EBIT is A$455.8M making its interest coverage ratio 2.2. It has cash and short-term investments of A$1.4B.
Key information
113.9%
Debt to equity ratio
AU$4.54b
Debt
Interest coverage ratio | 2.2x |
Cash | AU$1.38b |
Equity | AU$3.99b |
Total liabilities | AU$6.97b |
Total assets | AU$10.95b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MIN's short term assets (A$2.8B) exceed its short term liabilities (A$1.8B).
Long Term Liabilities: MIN's short term assets (A$2.8B) do not cover its long term liabilities (A$5.2B).
Debt to Equity History and Analysis
Debt Level: MIN's net debt to equity ratio (79.2%) is considered high.
Reducing Debt: MIN's debt to equity ratio has increased from 49.7% to 113.9% over the past 5 years.
Debt Coverage: MIN's debt is well covered by operating cash flow (37.4%).
Interest Coverage: MIN's interest payments on its debt are not well covered by EBIT (2.2x coverage).