Mandalay Resources Balance Sheet Health
Financial Health criteria checks 6/6
Mandalay Resources has a total shareholder equity of $227.5M and total debt of $6.1M, which brings its debt-to-equity ratio to 2.7%. Its total assets and total liabilities are $323.7M and $96.2M respectively. Mandalay Resources's EBIT is $70.8M making its interest coverage ratio -248.5. It has cash and short-term investments of $55.7M.
Key information
2.7%
Debt to equity ratio
US$6.05m
Debt
| Interest coverage ratio | -248.5x |
| Cash | US$55.75m |
| Equity | US$227.49m |
| Total liabilities | US$96.24m |
| Total assets | US$323.73m |
Recent financial health updates
Is Mandalay Resources (TSE:MND) A Risky Investment?
Sep 12
Here's Why Mandalay Resources (TSE:MND) Has A Meaningful Debt Burden
Oct 24Does 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 11Recent updates
Mandalay Resources' (TSE:MND) Solid Earnings Are Supported By Other Strong Factors
Nov 15Is Mandalay Resources (TSE:MND) A Risky Investment?
Sep 12Mandalay Resources Corporation's (TSE:MND) 60% Share Price Surge Not Quite Adding Up
Apr 24Investors 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 04Financial Position Analysis
Short Term Liabilities: MND's short term assets ($107.5M) exceed its short term liabilities ($53.6M).
Long Term Liabilities: MND's short term assets ($107.5M) exceed its long term liabilities ($42.6M).
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 56.1% to 2.7% over the past 5 years.
Debt Coverage: MND's debt is well covered by operating cash flow (1472%).
Interest Coverage: MND earns more interest than it pays, so coverage of interest payments is not a concern.