Vault Minerals Balance Sheet Health
Financial Health criteria checks 3/6
Vault Minerals has a total shareholder equity of A$356.3M and total debt of A$102.5M, which brings its debt-to-equity ratio to 28.8%. Its total assets and total liabilities are A$668.7M and A$312.3M respectively. Vault Minerals's EBIT is A$66.9M making its interest coverage ratio 3.5. It has cash and short-term investments of A$28.3M.
Key information
28.8%
Debt to equity ratio
AU$102.47m
Debt
| Interest coverage ratio | 3.5x |
| Cash | AU$28.32m |
| Equity | AU$356.35m |
| Total liabilities | AU$312.33m |
| Total assets | AU$668.68m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RED's short term assets (A$119.2M) do not cover its short term liabilities (A$132.5M).
Long Term Liabilities: RED's short term assets (A$119.2M) do not cover its long term liabilities (A$179.8M).
Debt to Equity History and Analysis
Debt Level: RED's net debt to equity ratio (20.8%) is considered satisfactory.
Reducing Debt: RED's debt to equity ratio has increased from 11% to 28.8% over the past 5 years.
Debt Coverage: RED's debt is well covered by operating cash flow (110.6%).
Interest Coverage: RED's interest payments on its debt are well covered by EBIT (3.5x coverage).