Zimplats Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Zimplats Holdings has a total shareholder equity of $1.8B and total debt of $60.0M, which brings its debt-to-equity ratio to 3.4%. Its total assets and total liabilities are $2.5B and $709.8M respectively. Zimplats Holdings's EBIT is $74.8M making its interest coverage ratio -70.2. It has cash and short-term investments of $78.1M.
Key information
3.4%
Debt to equity ratio
US$60.00m
Debt
| Interest coverage ratio | -70.2x |
| Cash | US$78.06m |
| Equity | US$1.79b |
| Total liabilities | US$709.84m |
| Total assets | US$2.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZIM's short term assets ($565.1M) exceed its short term liabilities ($244.6M).
Long Term Liabilities: ZIM's short term assets ($565.1M) exceed its long term liabilities ($465.2M).
Debt to Equity History and Analysis
Debt Level: ZIM has more cash than its total debt.
Reducing Debt: ZIM's debt to equity ratio has reduced from 4% to 3.4% over the past 5 years.
Debt Coverage: ZIM's debt is well covered by operating cash flow (354.1%).
Interest Coverage: ZIM earns more interest than it pays, so coverage of interest payments is not a concern.