Altius Minerals Balance Sheet Health
Financial Health criteria checks 5/6
Altius Minerals has a total shareholder equity of CA$612.5M and total debt of CA$112.2M, which brings its debt-to-equity ratio to 18.3%. Its total assets and total liabilities are CA$773.5M and CA$161.0M respectively. Altius Minerals's EBIT is CA$30.5M making its interest coverage ratio 3.3. It has cash and short-term investments of CA$130.4M.
Key information
18.3%
Debt to equity ratio
CA$112.17m
Debt
| Interest coverage ratio | 3.3x |
| Cash | CA$130.42m |
| Equity | CA$612.54m |
| Total liabilities | CA$161.00m |
| Total assets | CA$773.54m |
Recent financial health updates
Altius Minerals (TSE:ALS) Seems To Use Debt Rather Sparingly
Oct 01
Altius Minerals (TSE:ALS) Has A Rock Solid Balance Sheet
Apr 15Altius Minerals (TSE:ALS) Seems To Use Debt Quite Sensibly
Apr 19Recent updates
Altius Minerals' (TSE:ALS) Soft Earnings Don't Show The Whole Picture
Mar 21Altius Minerals Corporation's (TSE:ALS) Shares Climb 25% But Its Business Is Yet to Catch Up
Mar 16Altius Minerals (TSE:ALS) Will Pay A Dividend Of CA$0.08
Mar 15Altius Minerals (TSE:ALS) Is Due To Pay A Dividend Of CA$0.08
Aug 20Altius Minerals (TSE:ALS) Will Pay A Dividend Of CA$0.08
Jun 10Altius Minerals (TSE:ALS) Is Paying Out A Dividend Of CA$0.08
May 27Altius Minerals (TSE:ALS) Has Affirmed Its Dividend Of CA$0.08
May 13Altius Minerals Corporation (TSE:ALS) Analysts Are Reducing Their Forecasts For Next Year
Jan 26Altius Minerals (TSE:ALS) Is Paying Out A Dividend Of CA$0.08
Nov 17Altius Minerals (TSE:ALS) Seems To Use Debt Rather Sparingly
Oct 01Are Altius Minerals Corporation (TSE:ALS) Investors Paying Above The Intrinsic Value?
Jul 07Analysts Just Made A Significant Upgrade To Their Altius Minerals Corporation (TSE:ALS) Forecasts
Apr 20Altius Minerals (TSE:ALS) Has A Rock Solid Balance Sheet
Apr 15Altius Minerals' (TSE:ALS) Dividend Will Be Increased To CA$0.07
Aug 13We Think The Compensation For Altius Minerals Corporation's (TSE:ALS) CEO Looks About Right
May 07Altius Minerals (TSE:ALS) Seems To Use Debt Quite Sensibly
Apr 19Altius Minerals Corporation (TSE:ALS) Pays A CA$0.05 Dividend In Just Two Days
Mar 15Earnings Update: Altius Minerals Corporation (TSE:ALS) Just Reported And Analysts Are Boosting Their Estimates
Mar 13Key Things To Consider Before Buying Altius Minerals Corporation (TSE:ALS) For Its Dividend
Mar 01The Altius Minerals (TSE:ALS) Share Price Has Gained 89% And Shareholders Are Hoping For More
Jan 25
Financial Position Analysis
Short Term Liabilities: ALS's short term assets (CA$144.7M) exceed its short term liabilities (CA$12.9M).
Long Term Liabilities: ALS's short term assets (CA$144.7M) do not cover its long term liabilities (CA$148.1M).
Debt to Equity History and Analysis
Debt Level: ALS has more cash than its total debt.
Reducing Debt: ALS's debt to equity ratio has reduced from 29.5% to 18.3% over the past 5 years.
Debt Coverage: ALS's debt is well covered by operating cash flow (32.5%).
Interest Coverage: ALS's interest payments on its debt are well covered by EBIT (3.3x coverage).