Tietto Minerals Balance Sheet Health
Financial Health criteria checks 5/6
Tietto Minerals has a total shareholder equity of A$277.5M and total debt of A$19.3M, which brings its debt-to-equity ratio to 7%. Its total assets and total liabilities are A$406.1M and A$128.6M respectively. Tietto Minerals's EBIT is A$20.7M making its interest coverage ratio 6.4. It has cash and short-term investments of A$42.5M.
Key information
7.0%
Debt to equity ratio
AU$19.34m
Debt
| Interest coverage ratio | 6.4x |
| Cash | AU$42.48m |
| Equity | AU$277.47m |
| Total liabilities | AU$128.59m |
| Total assets | AU$406.06m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TIE's short term assets (A$100.1M) do not cover its short term liabilities (A$119.7M).
Long Term Liabilities: TIE's short term assets (A$100.1M) exceed its long term liabilities (A$8.9M).
Debt to Equity History and Analysis
Debt Level: TIE has more cash than its total debt.
Reducing Debt: TIE's debt to equity ratio has reduced from 11.8% to 7% over the past 5 years.
Debt Coverage: TIE's debt is well covered by operating cash flow (263.3%).
Interest Coverage: TIE's interest payments on its debt are well covered by EBIT (6.4x coverage).