Labrador Iron Ore Royalty Balance Sheet Health
Financial Health criteria checks 5/6
Labrador Iron Ore Royalty has a total shareholder equity of CA$659.2M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$849.4M and CA$190.2M respectively. Labrador Iron Ore Royalty's EBIT is CA$155.4M making its interest coverage ratio -105.6. It has cash and short-term investments of CA$40.3M.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | -105.6x |
| Cash | CA$40.28m |
| Equity | CA$659.23m |
| Total liabilities | CA$190.17m |
| Total assets | CA$849.40m |
Recent financial health updates
No updates
Recent updates
Estimating The Fair Value Of Labrador Iron Ore Royalty Corporation (TSE:LIF)
Dec 15
Labrador Iron Ore Royalty (TSE:LIF) Might Have The Makings Of A Multi-Bagger
Nov 15An Intrinsic Calculation For Labrador Iron Ore Royalty Corporation (TSE:LIF) Suggests It's 35% Undervalued
Sep 02Labrador Iron Ore Royalty (TSE:LIF) Is Investing Its Capital With Increasing Efficiency
Aug 04Financial Position Analysis
Short Term Liabilities: LIF's short term assets (CA$82.9M) exceed its short term liabilities (CA$53.9M).
Long Term Liabilities: LIF's short term assets (CA$82.9M) do not cover its long term liabilities (CA$136.2M).
Debt to Equity History and Analysis
Debt Level: LIF is debt free.
Reducing Debt: LIF has not had any debt for past 5 years.
Debt Coverage: LIF has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: LIF has no debt, therefore coverage of interest payments is not a concern.