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
No updates
Recent updates
Financial 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).