Robex Resources Balance Sheet Health
Financial Health criteria checks 5/6
Robex Resources has a total shareholder equity of CA$214.3M and total debt of CA$52.1M, which brings its debt-to-equity ratio to 24.3%. Its total assets and total liabilities are CA$311.6M and CA$97.3M respectively. Robex Resources's EBIT is CA$31.6M making its interest coverage ratio 10.9. It has cash and short-term investments of CA$18.1M.
Key information
24.3%
Debt to equity ratio
CA$52.13m
Debt
| Interest coverage ratio | 10.9x |
| Cash | CA$18.14m |
| Equity | CA$214.33m |
| Total liabilities | CA$97.32m |
| Total assets | CA$311.65m |
Recent financial health updates
Robex Resources (CVE:RBX) Has A Somewhat Strained Balance Sheet
Mar 07
Is Robex Resources (CVE:RBX) Using Too Much Debt?
Nov 25These 4 Measures Indicate That Robex Resources (CVE:RBX) Is Using Debt Reasonably Well
Mar 28Here's Why Robex Resources (CVE:RBX) Can Manage Its Debt Responsibly
Nov 23Robex Resources (CVE:RBX) Seems To Use Debt Quite Sensibly
Aug 07These 4 Measures Indicate That Robex Resources (CVE:RBX) Is Using Debt Reasonably Well
Jan 27Recent updates
Robex Resources Inc. (CVE:RBX) Stock Catapults 55% Though Its Price And Business Still Lag The Market
Apr 25Robex Resources (CVE:RBX) Has A Somewhat Strained Balance Sheet
Mar 07Investors Could Be Concerned With Robex Resources' (CVE:RBX) Returns On Capital
Feb 06Is Robex Resources (CVE:RBX) Using Too Much Debt?
Nov 25There Are Reasons To Feel Uneasy About Robex Resources' (CVE:RBX) Returns On Capital
Jun 07These 4 Measures Indicate That Robex Resources (CVE:RBX) Is Using Debt Reasonably Well
Mar 28Here's Why Robex Resources (CVE:RBX) Can Manage Its Debt Responsibly
Nov 23Returns on Capital Paint A Bright Future For Robex Resources (CVE:RBX)
Sep 08Robex Resources (CVE:RBX) Seems To Use Debt Quite Sensibly
Aug 07Under The Bonnet, Robex Resources' (CVE:RBX) Returns Look Impressive
May 14These 4 Measures Indicate That Robex Resources (CVE:RBX) Is Using Debt Reasonably Well
Jan 27Robex Resources' (CVE:RBX) Solid Profits Have Weak Fundamentals
Jun 04Here's Why I Think Robex Resources (CVE:RBX) Might Deserve Your Attention Today
May 24Robex Resources (CVE:RBX) Has A Rock Solid Balance Sheet
May 10Have Robex Resources Inc. (CVE:RBX) Insiders Been Selling Their Stock?
Mar 13Did Robex Resources Inc. (CVE:RBX) Insiders Sell Shares?
Feb 22Robex Resources (CVE:RBX) Could Easily Take On More Debt
Jan 25Declining Stock and Solid Fundamentals: Is The Market Wrong About Robex Resources Inc. (CVE:RBX)?
Dec 29Is Robex Resources Inc. (CVE:RBX) Popular Amongst Insiders?
Dec 02Financial Position Analysis
Short Term Liabilities: RBX's short term assets (CA$46.9M) do not cover its short term liabilities (CA$73.0M).
Long Term Liabilities: RBX's short term assets (CA$46.9M) exceed its long term liabilities (CA$24.3M).
Debt to Equity History and Analysis
Debt Level: RBX's net debt to equity ratio (15.9%) is considered satisfactory.
Reducing Debt: RBX's debt to equity ratio has reduced from 69.1% to 24.3% over the past 5 years.
Debt Coverage: RBX's debt is well covered by operating cash flow (92.4%).
Interest Coverage: RBX's interest payments on its debt are well covered by EBIT (10.9x coverage).