Kinross Gold Balance Sheet Health
Financial Health criteria checks 5/6
Kinross Gold has a total shareholder equity of $6.4B and total debt of $2.0B, which brings its debt-to-equity ratio to 31.5%. Its total assets and total liabilities are $10.6B and $4.2B respectively. Kinross Gold's EBIT is $874.4M making its interest coverage ratio 28.2. It has cash and short-term investments of $498.0M.
Key information
31.5%
Debt to equity ratio
US$2.03b
Debt
| Interest coverage ratio | 28.2x |
| Cash | US$498.00m |
| Equity | US$6.45b |
| Total liabilities | US$4.19b |
| Total assets | US$10.64b |
Recent financial health updates
Kinross Gold (TSE:K) Has A Pretty Healthy Balance Sheet
Sep 04
Is Kinross Gold (TSE:K) Using Too Much Debt?
May 21Here's Why Kinross Gold (TSE:K) Can Manage Its Debt Responsibly
Feb 13Here's Why Kinross Gold (TSE:K) Can Manage Its Debt Responsibly
Nov 07Kinross Gold (TSE:K) Has A Pretty Healthy Balance Sheet
Jul 23Does Kinross Gold (TSE:K) Have A Healthy Balance Sheet?
Mar 19Recent updates
Kinross Gold (TSE:K) Has A Pretty Healthy Balance Sheet
Sep 04Benign Growth For Kinross Gold Corporation (TSE:K) Underpins Its Share Price
Jul 11Is Kinross Gold (TSE:K) Using Too Much Debt?
May 21It's Unlikely That Kinross Gold Corporation's (TSE:K) CEO Will See A Huge Pay Rise This Year
May 02Kinross Gold Corporation's (TSE:K) Shares Bounce 28% But Its Business Still Trails The Industry
Mar 29Here's Why Kinross Gold (TSE:K) Can Manage Its Debt Responsibly
Feb 13Estimating The Fair Value Of Kinross Gold Corporation (TSE:K)
Jan 29Unpleasant Surprises Could Be In Store For Kinross Gold Corporation's (TSE:K) Shares
Dec 29Here's Why Kinross Gold (TSE:K) Can Manage Its Debt Responsibly
Nov 07A Look At The Fair Value Of Kinross Gold Corporation (TSE:K)
Aug 13Kinross Gold (TSE:K) Has A Pretty Healthy Balance Sheet
Jul 23Estimating The Intrinsic Value Of Kinross Gold Corporation (TSE:K)
Apr 12Does Kinross Gold (TSE:K) Have A Healthy Balance Sheet?
Mar 19Is Kinross Gold (TSE:K) A Risky Investment?
Nov 25Calculating The Fair Value Of Kinross Gold Corporation (TSE:K)
Oct 17We Think Kinross Gold (TSE:K) Is Taking Some Risk With Its Debt
Aug 09Financial Position Analysis
Short Term Liabilities: K's short term assets ($1.9B) exceed its short term liabilities ($1.5B).
Long Term Liabilities: K's short term assets ($1.9B) do not cover its long term liabilities ($2.7B).
Debt to Equity History and Analysis
Debt Level: K's net debt to equity ratio (23.8%) is considered satisfactory.
Reducing Debt: K's debt to equity ratio has reduced from 40.1% to 31.5% over the past 5 years.
Debt Coverage: K's debt is well covered by operating cash flow (88.3%).
Interest Coverage: K's interest payments on its debt are well covered by EBIT (28.2x coverage).