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Turquoise Hill Resources Balance Sheet Health
Financial Health criteria checks 2/6
Key information
42.5%
Debt to equity ratio
US$4.13b
Debt
Interest coverage ratio | -85883.3x |
Cash | US$209.25m |
Equity | US$9.71b |
Total liabilities | US$5.06b |
Total assets | US$14.77b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TRQ's short term assets ($538.2M) do not cover its short term liabilities ($1.3B).
Long Term Liabilities: TRQ's short term assets ($538.2M) do not cover its long term liabilities ($3.8B).
Debt to Equity History and Analysis
Debt Level: TRQ's net debt to equity ratio (40.4%) is considered high.
Reducing Debt: TRQ's debt to equity ratio has reduced from 51.9% to 42.5% over the past 5 years.
Debt Coverage: TRQ's debt is not well covered by operating cash flow (10.3%).
Interest Coverage: TRQ earns more interest than it pays, so coverage of interest payments is not a concern.