Triple Flag Precious Metals Balance Sheet Health
Financial Health criteria checks 6/6
Triple Flag Precious Metals has a total shareholder equity of $1.8B and total debt of $60.0M, which brings its debt-to-equity ratio to 3.3%. Its total assets and total liabilities are $1.9B and $88.6M respectively. Triple Flag Precious Metals's EBIT is $57.1M making its interest coverage ratio 13.9. It has cash and short-term investments of $36.5M.
Key information
3.3%
Debt to equity ratio
US$60.00m
Debt
| Interest coverage ratio | 13.9x |
| Cash | US$36.51m |
| Equity | US$1.82b |
| Total liabilities | US$88.55m |
| Total assets | US$1.90b |
Recent financial health updates
Here's Why Triple Flag Precious Metals (TSE:TFPM) Can Manage Its Debt Responsibly
Jul 01
Does Triple Flag Precious Metals (TSE:TFPM) Have A Healthy Balance Sheet?
Feb 06Recent updates
Unpleasant Surprises Could Be In Store For Triple Flag Precious Metals Corp.'s (TSE:TFPM) Shares
Jul 20Here's Why Triple Flag Precious Metals (TSE:TFPM) Can Manage Its Debt Responsibly
Jul 01A Look At The Fair Value Of Triple Flag Precious Metals Corp. (TSE:TFPM)
Apr 29Analyst Forecasts For Triple Flag Precious Metals Corp. (TSE:TFPM) Are Surging Higher
Apr 11Triple Flag Precious Metals Corp.'s (TSE:TFPM) Business Is Trailing The Industry But Its Shares Aren't
Apr 04Does Triple Flag Precious Metals (TSE:TFPM) Have A Healthy Balance Sheet?
Feb 06Why Investors Shouldn't Be Surprised By Triple Flag Precious Metals Corp.'s (TSE:TFPM) P/E
Dec 26Triple Flag Precious Metals Corp.'s (TSE:TFPM) Intrinsic Value Is Potentially 26% Above Its Share Price
May 29Is There An Opportunity With Triple Flag Precious Metals Corp.'s (TSE:TFPM) 38% Undervaluation?
Oct 08There's Been No Shortage Of Growth Recently For Triple Flag Precious Metals' (TSE:TFPM) Returns On Capital
Aug 31Estimating The Intrinsic Value Of Triple Flag Precious Metals Corp. (TSE:TFPM)
Jul 06Triple Flag Precious Metals (TSE:TFPM) Is Experiencing Growth In Returns On Capital
May 21Financial Position Analysis
Short Term Liabilities: TFPM's short term assets ($78.5M) exceed its short term liabilities ($17.8M).
Long Term Liabilities: TFPM's short term assets ($78.5M) exceed its long term liabilities ($70.7M).
Debt to Equity History and Analysis
Debt Level: TFPM's net debt to equity ratio (1.3%) is considered satisfactory.
Reducing Debt: TFPM's debt to equity ratio has reduced from 29.4% to 3.3% over the past 5 years.
Debt Coverage: TFPM's debt is well covered by operating cash flow (256.9%).
Interest Coverage: TFPM's interest payments on its debt are well covered by EBIT (13.9x coverage).