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
Shareholders Will Be Pleased With The Quality of SouthGobi Resources' (CVE:SGQ) Earnings
Nov 26
SouthGobi Resources Ltd. (CVE:SGQ) Stock's 32% Dive Might Signal An Opportunity But It Requires Some Scrutiny
Nov 01SouthGobi 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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 18:43 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
SouthGobi Resources Ltd. is covered by 11 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Meredith Bandy | BMO Capital Markets Equity Research |
| James Clarke | BNP Paribas Securities (Asia) |
| Oscar Cabrera | BofA Global Research |