Lundin Gold Balance Sheet Health
Financial Health criteria checks 6/6
Lundin Gold has a total shareholder equity of $955.8M and total debt of $305.6M, which brings its debt-to-equity ratio to 32%. Its total assets and total liabilities are $1.5B and $512.4M respectively. Lundin Gold's EBIT is $390.4M making its interest coverage ratio 24.7. It has cash and short-term investments of $268.0M.
Key information
32.0%
Debt to equity ratio
US$305.65m
Debt
| Interest coverage ratio | 24.7x |
| Cash | US$268.03m |
| Equity | US$955.81m |
| Total liabilities | US$512.40m |
| Total assets | US$1.47b |
Recent financial health updates
Lundin Gold (TSE:LUG) Seems To Use Debt Rather Sparingly
Feb 22
Does Lundin Gold (TSE:LUG) Have A Healthy Balance Sheet?
Sep 04Does Lundin Gold (TSE:LUG) Have A Healthy Balance Sheet?
May 24Is Lundin Gold (TSE:LUG) A Risky Investment?
Feb 06Here's Why Lundin Gold (TSE:LUG) Can Manage Its Debt Responsibly
Sep 27Is Lundin Gold (TSE:LUG) Using Too Much Debt?
Jun 17Recent updates
Shareholders Would Enjoy A Repeat Of Lundin Gold's (TSE:LUG) Recent Growth In Returns
Apr 21Does Lundin Gold (TSE:LUG) Deserve A Spot On Your Watchlist?
Mar 25Lundin Gold (TSE:LUG) Has Announced A Dividend Of $0.1348
Feb 29Lundin Gold (TSE:LUG) Seems To Use Debt Rather Sparingly
Feb 22Investors Interested In Lundin Gold Inc.'s (TSE:LUG) Earnings
Jan 25Estimating The Intrinsic Value Of Lundin Gold Inc. (TSE:LUG)
Dec 13We Like Lundin Gold's (TSE:LUG) Returns And Here's How They're Trending
Nov 29Does Lundin Gold (TSE:LUG) Have A Healthy Balance Sheet?
Sep 04Why We Like The Returns At Lundin Gold (TSE:LUG)
Aug 15A Look At The Intrinsic Value Of Lundin Gold Inc. (TSE:LUG)
Jun 20Does Lundin Gold (TSE:LUG) Have A Healthy Balance Sheet?
May 24Investors Shouldn't Overlook Lundin Gold's (TSE:LUG) Impressive Returns On Capital
May 10Estimating The Fair Value Of Lundin Gold Inc. (TSE:LUG)
Feb 20Is Lundin Gold (TSE:LUG) A Risky Investment?
Feb 06Lundin Gold (TSE:LUG) Is Investing Its Capital With Increasing Efficiency
Jan 04Is There An Opportunity With Lundin Gold Inc.'s (TSE:LUG) 44% Undervaluation?
Oct 27Here's Why Lundin Gold (TSE:LUG) Can Manage Its Debt Responsibly
Sep 27We Like Lundin Gold's (TSE:LUG) Returns And Here's How They're Trending
Aug 30More Unpleasant Surprises Could Be In Store For Lundin Gold Inc.'s (TSE:LUG) Shares After Tumbling 25%
Jul 16Is Lundin Gold (TSE:LUG) Using Too Much Debt?
Jun 17Here's Why I Think Lundin Gold (TSE:LUG) Might Deserve Your Attention Today
May 20Financial Position Analysis
Short Term Liabilities: LUG's short term assets ($533.9M) exceed its short term liabilities ($187.0M).
Long Term Liabilities: LUG's short term assets ($533.9M) exceed its long term liabilities ($325.4M).
Debt to Equity History and Analysis
Debt Level: LUG's net debt to equity ratio (3.9%) is considered satisfactory.
Reducing Debt: LUG's debt to equity ratio has reduced from 60.9% to 32% over the past 5 years.
Debt Coverage: LUG's debt is well covered by operating cash flow (169.9%).
Interest Coverage: LUG's interest payments on its debt are well covered by EBIT (24.7x coverage).