First Quantum Minerals Balance Sheet Health
Financial Health criteria checks 3/6
First Quantum Minerals has a total shareholder equity of $11.7B and total debt of $6.0B, which brings its debt-to-equity ratio to 51.9%. Its total assets and total liabilities are $23.5B and $11.8B respectively. First Quantum Minerals's EBIT is $903.0M making its interest coverage ratio 1.6. It has cash and short-term investments of $772.0M.
Key information
51.9%
Debt to equity ratio
US$6.05b
Debt
| Interest coverage ratio | 1.6x |
| Cash | US$772.00m |
| Equity | US$11.65b |
| Total liabilities | US$11.82b |
| Total assets | US$23.47b |
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 10First Quantum Minerals (TSE:FM) Will Pay A Larger Dividend Than Last Year At $0.13
Feb 23Is Now The Time To Put First Quantum Minerals (TSE:FM) On Your Watchlist?
Jan 13Calculating The Intrinsic Value Of First Quantum Minerals Ltd. (TSE:FM)
Jan 01First Quantum Minerals (TSE:FM) Is Doing The Right Things To Multiply Its Share Price
Dec 20Financial Position Analysis
Short Term Liabilities: FM's short term assets ($3.1B) exceed its short term liabilities ($1.2B).
Long Term Liabilities: FM's short term assets ($3.1B) do not cover its long term liabilities ($10.7B).
Debt to Equity History and Analysis
Debt Level: FM's net debt to equity ratio (45.3%) is considered high.
Reducing Debt: FM's debt to equity ratio has reduced from 87.7% to 51.9% over the past 5 years.
Debt Coverage: FM's debt is well covered by operating cash flow (25.4%).
Interest Coverage: FM's interest payments on its debt are not well covered by EBIT (1.6x coverage).