Highland Copper Balance Sheet Health
Financial Health criteria checks 4/6
Highland Copper has a total shareholder equity of $57.6M and total debt of $200.0K, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are $60.7M and $3.1M respectively.
Key information
0.3%
Debt to equity ratio
US$199.97k
Debt
| Interest coverage ratio | n/a |
| Cash | US$23.21m |
| Equity | US$57.62m |
| Total liabilities | US$3.05m |
| Total assets | US$60.68m |
Financial Position Analysis
Short Term Liabilities: HI's short term assets ($23.5M) exceed its short term liabilities ($1.7M).
Long Term Liabilities: HI's short term assets ($23.5M) exceed its long term liabilities ($1.3M).
Debt to Equity History and Analysis
Debt Level: HI has more cash than its total debt.
Reducing Debt: HI's debt to equity ratio has reduced from 46% to 0.3% over the past 5 years.
Debt Coverage: HI's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if HI's interest payments on its debt are well covered by EBIT.