SouthGobi Resources Balance Sheet Health
Financial Health criteria checks 1/6
SouthGobi Resources has a total shareholder equity of $-119.7M and total debt of $200.0M, which brings its debt-to-equity ratio to -167.1%. Its total assets and total liabilities are $368.3M and $488.0M respectively. SouthGobi Resources's EBIT is $114.2M making its interest coverage ratio 2.8. It has cash and short-term investments of $13.7M.
Key information
-167.1%
Debt to equity ratio
US$200.03m
Debt
| Interest coverage ratio | 2.8x |
| Cash | US$13.69m |
| Equity | -US$119.74m |
| Total liabilities | US$487.99m |
| Total assets | US$368.26m |
Recent financial health updates
Recent updates
SouthGobi Resources Ltd. (CVE:SGQ) Stock's 32% Dive Might Signal An Opportunity But It Requires Some Scrutiny
Nov 01
SouthGobi Resources Ltd. (CVE:SGQ) Could Be Riskier Than It Looks
Sep 17There's Been No Shortage Of Growth Recently For SouthGobi Resources' (TSE:SGQ) Returns On Capital
Dec 23Returns on Capital Paint A Bright Future For SouthGobi Resources (TSE:SGQ)
Sep 08SouthGobi Resources' (TSE:SGQ) Earnings Are Weaker Than They Seem
May 23Financial Position Analysis
Short Term Liabilities: SGQ has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: SGQ has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: SGQ has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: SGQ's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: SGQ's debt is well covered by operating cash flow (83%).
Interest Coverage: SGQ's interest payments on its debt are not well covered by EBIT (2.8x coverage).