First Quantum Minerals Balance Sheet Health
Financial Health criteria checks 2/6
First Quantum Minerals has a total shareholder equity of $11.6B and total debt of $7.8B, which brings its debt-to-equity ratio to 67.3%. Its total assets and total liabilities are $23.9B and $12.3B respectively. First Quantum Minerals's EBIT is $652.0M making its interest coverage ratio 1.1. It has cash and short-term investments of $783.0M.
Key information
67.3%
Debt to equity ratio
US$7.84b
Debt
| Interest coverage ratio | 1.1x |
| Cash | US$783.00m |
| Equity | US$11.64b |
| Total liabilities | US$12.30b |
| Total assets | US$23.94b |
Recent financial health updates
Here's Why First Quantum Minerals (TSE:FM) Has A Meaningful Debt Burden
Oct 05
Is First Quantum Minerals (TSE:FM) Using Too Much Debt?
Jun 26Does First Quantum Minerals (TSE:FM) Have A Healthy Balance Sheet?
Mar 23Recent updates
Take Care Before Jumping Onto First Quantum Minerals Ltd. (TSE:FM) Even Though It's 25% Cheaper
Dec 22Bearish: Analysts Just Cut Their First Quantum Minerals Ltd. (TSE:FM) Revenue and EPS estimates
Dec 12First Quantum Minerals (TSE:FM) Shareholders Will Want The ROCE Trajectory To Continue
Nov 24Here's Why First Quantum Minerals (TSE:FM) Has A Meaningful Debt Burden
Oct 05Is First Quantum Minerals Ltd. (TSE:FM) Expensive For A Reason? A Look At Its Intrinsic Value
Aug 16The Return Trends At First Quantum Minerals (TSE:FM) Look Promising
Jul 16Is First Quantum Minerals (TSE:FM) Using Too Much Debt?
Jun 26The Return Trends At First Quantum Minerals (TSE:FM) Look Promising
Apr 17A Look At The Intrinsic Value Of First Quantum Minerals Ltd. (TSE:FM)
Apr 05Does First Quantum Minerals (TSE:FM) Have A Healthy Balance Sheet?
Mar 23First Quantum Minerals (TSE:FM) Will Pay A Larger Dividend Than Last Year At $0.13
Mar 10Financial Position Analysis
Short Term Liabilities: FM's short term assets ($3.2B) exceed its short term liabilities ($1.8B).
Long Term Liabilities: FM's short term assets ($3.2B) do not cover its long term liabilities ($10.5B).
Debt to Equity History and Analysis
Debt Level: FM's net debt to equity ratio (60.6%) is considered high.
Reducing Debt: FM's debt to equity ratio has reduced from 90.1% to 67.3% over the past 5 years.
Debt Coverage: FM's debt is not well covered by operating cash flow (11.3%).
Interest Coverage: FM's interest payments on its debt are not well covered by EBIT (1.1x coverage).