Champion Iron Balance Sheet Health
Financial Health criteria checks 5/6
Champion Iron has a total shareholder equity of CA$1.4B and total debt of CA$536.0M, which brings its debt-to-equity ratio to 39.1%. Its total assets and total liabilities are CA$2.6B and CA$1.3B respectively. Champion Iron's EBIT is CA$527.3M making its interest coverage ratio 14.2. It has cash and short-term investments of CA$387.4M.
Key information
39.1%
Debt to equity ratio
CA$535.99m
Debt
Interest coverage ratio | 14.2x |
Cash | CA$387.37m |
Equity | CA$1.37b |
Total liabilities | CA$1.26b |
Total assets | CA$2.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CIA's short term assets (CA$900.1M) exceed its short term liabilities (CA$316.1M).
Long Term Liabilities: CIA's short term assets (CA$900.1M) do not cover its long term liabilities (CA$948.6M).
Debt to Equity History and Analysis
Debt Level: CIA's net debt to equity ratio (10.8%) is considered satisfactory.
Reducing Debt: CIA's debt to equity ratio has reduced from 153.8% to 39.1% over the past 5 years.
Debt Coverage: CIA's debt is well covered by operating cash flow (101.1%).
Interest Coverage: CIA's interest payments on its debt are well covered by EBIT (14.2x coverage).