Mandalay Resources Balance Sheet Health
Financial Health criteria checks 6/6
Mandalay Resources has a total shareholder equity of $196.9M and total debt of $21.0M, which brings its debt-to-equity ratio to 10.7%. Its total assets and total liabilities are $295.2M and $98.3M respectively. Mandalay Resources's EBIT is $24.8M making its interest coverage ratio 65.3. It has cash and short-term investments of $28.8M.
Key information
10.7%
Debt to equity ratio
US$21.05m
Debt
| Interest coverage ratio | 65.3x |
| Cash | US$28.78m |
| Equity | US$196.93m |
| Total liabilities | US$98.32m |
| Total assets | US$295.25m |
Recent financial health updates
Here's Why Mandalay Resources (TSE:MND) Has A Meaningful Debt Burden
Oct 24
Does Mandalay Resources (TSE:MND) Have A Healthy Balance Sheet?
Jul 12Mandalay 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 21Recent updates
Investors Will Want Mandalay Resources' (TSE:MND) Growth In ROCE To Persist
Jan 30Here's Why Mandalay Resources (TSE:MND) Has A Meaningful Debt Burden
Oct 24There's Been No Shortage Of Growth Recently For Mandalay Resources' (TSE:MND) Returns On Capital
Oct 04Does 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 04Financial Position Analysis
Short Term Liabilities: MND's short term assets ($79.8M) exceed its short term liabilities ($31.9M).
Long Term Liabilities: MND's short term assets ($79.8M) exceed its long term liabilities ($66.4M).
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 58% to 10.7% over the past 5 years.
Debt Coverage: MND's debt is well covered by operating cash flow (205.7%).
Interest Coverage: MND's interest payments on its debt are well covered by EBIT (65.3x coverage).