Mandalay Resources Balance Sheet Health
Financial Health criteria checks 6/6
Mandalay Resources has a total shareholder equity of $180.3M and total debt of $20.3M, which brings its debt-to-equity ratio to 11.3%. Its total assets and total liabilities are $271.3M and $91.0M respectively. Mandalay Resources's EBIT is $26.1M making its interest coverage ratio 27.9. It has cash and short-term investments of $34.7M.
Key information
11.3%
Debt to equity ratio
US$20.35m
Debt
| Interest coverage ratio | 27.9x |
| Cash | US$34.67m |
| Equity | US$180.32m |
| Total liabilities | US$91.00m |
| Total assets | US$271.32m |
Recent financial health updates
Does Mandalay Resources (TSE:MND) Have A Healthy Balance Sheet?
Jul 12
Mandalay Resources (TSE:MND) Seems To Use Debt Quite Sensibly
Aug 23Mandalay Resources (TSE:MND) Has A Pretty Healthy Balance Sheet
May 11Does Mandalay Resources (TSE:MND) Have A Healthy Balance Sheet?
Nov 07Is Mandalay Resources (TSE:MND) A Risky Investment?
Jul 21Mandalay Resources (TSE:MND) Has A Somewhat Strained Balance Sheet
Feb 23Recent updates
Does Mandalay Resources (TSE:MND) Have A Healthy Balance Sheet?
Jul 12Mandalay Resources (TSE:MND) Is Doing The Right Things To Multiply Its Share Price
Jun 15Under The Bonnet, Mandalay Resources' (TSE:MND) Returns Look Impressive
Oct 04Mandalay Resources (TSE:MND) Seems To Use Debt Quite Sensibly
Aug 23Why We Like The Returns At Mandalay Resources (TSE:MND)
Jun 18Mandalay Resources (TSE:MND) Has A Pretty Healthy Balance Sheet
May 11Mandalay Resources Corporation (TSE:MND) Held Back By Insufficient Growth Even After Shares Climb 26%
Mar 07Mandalay Resources (TSE:MND) Is Investing Its Capital With Increasing Efficiency
Mar 04Does Mandalay Resources (TSE:MND) Have A Healthy Balance Sheet?
Nov 07Is Mandalay Resources (TSE:MND) A Risky Investment?
Jul 21Shareholders Would Enjoy A Repeat Of Mandalay Resources' (TSE:MND) Recent Growth In Returns
Jun 10Increases to CEO Compensation Might Be Put On Hold For Now at Mandalay Resources Corporation (TSE:MND)
May 20Shareholders Will Be Pleased With The Quality of Mandalay Resources' (TSE:MND) Earnings
Mar 04Mandalay Resources (TSE:MND) Has A Somewhat Strained Balance Sheet
Feb 23The Mandalay Resources (TSE:MND) Share Price Is Up 118% And Shareholders Are Boasting About It
Feb 02
What Type Of Shareholders Own The Most Number of Mandalay Resources Corporation (TSE:MND) Shares?
Jan 12Read This Before Buying Mandalay Resources Corporation (TSE:MND) Shares
Dec 22Mandalay Resources Corporation (TSE:MND) Could Be Less Than A Year Away From Profitability
Dec 04Financial Position Analysis
Short Term Liabilities: MND's short term assets ($69.3M) exceed its short term liabilities ($35.9M).
Long Term Liabilities: MND's short term assets ($69.3M) exceed its long term liabilities ($55.2M).
Debt to Equity History and Analysis
Debt Level: MND has more cash than its total debt.
Reducing Debt: MND's debt to equity ratio has reduced from 32.8% to 11.3% over the past 5 years.
Debt Coverage: MND's debt is well covered by operating cash flow (257.8%).
Interest Coverage: MND's interest payments on its debt are well covered by EBIT (27.9x coverage).