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 $60.5M, which brings its debt-to-equity ratio to 3.4%. Its total assets and total liabilities are $2.4B and $673.5M respectively. Zimplats Holdings's EBIT is $100.1M making its interest coverage ratio -25.3. It has cash and short-term investments of $97.5M.
Key information
3.4%
Debt to equity ratio
US$60.53m
Debt
Interest coverage ratio | -25.3x |
Cash | US$97.45m |
Equity | US$1.77b |
Total liabilities | US$673.54m |
Total assets | US$2.45b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZIM's short term assets ($700.5M) exceed its short term liabilities ($217.1M).
Long Term Liabilities: ZIM's short term assets ($700.5M) exceed its long term liabilities ($456.4M).
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 6.2% to 3.4% over the past 5 years.
Debt Coverage: ZIM's debt is well covered by operating cash flow (608.5%).
Interest Coverage: ZIM earns more interest than it pays, so coverage of interest payments is not a concern.