Inter-Rock Minerals Balance Sheet Health
Financial Health criteria checks 6/6
Inter-Rock Minerals has a total shareholder equity of $10.7M and total debt of $3.9M, which brings its debt-to-equity ratio to 36.6%. Its total assets and total liabilities are $27.5M and $16.8M respectively. Inter-Rock Minerals's EBIT is $2.7M making its interest coverage ratio 7.4. It has cash and short-term investments of $4.6M.
Key information
38.1%
Debt to equity ratio
US$3.93m
Debt
| Interest coverage ratio | 8x |
| Cash | US$4.53m |
| Equity | US$10.32m |
| Total liabilities | US$11.63m |
| Total assets | US$21.94m |
Recent financial health updates
Is Inter-Rock Minerals (CVE:IRO) Using Too Much Debt?
Aug 17
These 4 Measures Indicate That Inter-Rock Minerals (CVE:IRO) Is Using Debt Safely
Jan 19Here's Why Inter-Rock Minerals (CVE:IRO) Can Manage Its Debt Responsibly
Jul 15These 4 Measures Indicate That Inter-Rock Minerals (CVE:IRO) Is Using Debt Reasonably Well
Sep 28Inter-Rock Minerals (CVE:IRO) Has A Pretty Healthy Balance Sheet
Jan 20Recent updates
Investors Aren't Entirely Convinced By Inter-Rock Minerals Inc.'s (CVE:IRO) Revenues
Mar 28A Look At The Intrinsic Value Of Inter-Rock Minerals Inc. (CVE:IRO)
Oct 31Is Inter-Rock Minerals (CVE:IRO) Using Too Much Debt?
Aug 17The Returns On Capital At Inter-Rock Minerals (CVE:IRO) Don't Inspire Confidence
Jul 21A Look At The Intrinsic Value Of Inter-Rock Minerals Inc. (CVE:IRO)
Apr 28Investors Met With Slowing Returns on Capital At Inter-Rock Minerals (CVE:IRO)
Mar 14These 4 Measures Indicate That Inter-Rock Minerals (CVE:IRO) Is Using Debt Safely
Jan 19We Like These Underlying Return On Capital Trends At Inter-Rock Minerals (CVE:IRO)
Aug 24Here's Why Inter-Rock Minerals (CVE:IRO) Can Manage Its Debt Responsibly
Jul 15Inter-Rock Minerals' (CVE:IRO) Returns On Capital Are Heading Higher
May 14These 4 Measures Indicate That Inter-Rock Minerals (CVE:IRO) Is Using Debt Reasonably Well
Sep 28Inter-Rock Minerals (CVE:IRO) Shareholders Will Want The ROCE Trajectory To Continue
Jul 21We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Inter-Rock Minerals Inc.'s (CVE:IRO) CEO For Now
May 27Inter-Rock Minerals' (CVE:IRO) Profits Appear To Have Quality Issues
Apr 21Returns Are Gaining Momentum At Inter-Rock Minerals (CVE:IRO)
Mar 22Can Inter-Rock Minerals Inc. (CVE:IRO) Maintain Its Strong Returns?
Feb 16
Inter-Rock Minerals (CVE:IRO) Has A Pretty Healthy Balance Sheet
Jan 20What We Make Of Inter-Rock Minerals' (CVE:IRO) Returns On Capital
Dec 21Financial Position Analysis
Short Term Liabilities: IRO's short term assets ($20.9M) exceed its short term liabilities ($12.0M).
Long Term Liabilities: IRO's short term assets ($20.9M) exceed its long term liabilities ($4.8M).
Debt to Equity History and Analysis
Debt Level: IRO has more cash than its total debt.
Reducing Debt: IRO's debt to equity ratio has reduced from 236.1% to 36.6% over the past 5 years.
Debt Coverage: IRO's debt is well covered by operating cash flow (101.4%).
Interest Coverage: IRO's interest payments on its debt are well covered by EBIT (7.4x coverage).