Kinross Gold Balance Sheet Health
Financial Health criteria checks 5/6
Kinross Gold has a total shareholder equity of $6.4B and total debt of $2.0B, which brings its debt-to-equity ratio to 31.5%. Its total assets and total liabilities are $10.6B and $4.2B respectively. Kinross Gold's EBIT is $874.4M making its interest coverage ratio 28.2. It has cash and short-term investments of $498.0M.
Key information
31.5%
Debt to equity ratio
US$2.03b
Debt
Interest coverage ratio | 28.2x |
Cash | US$498.00m |
Equity | US$6.45b |
Total liabilities | US$4.19b |
Total assets | US$10.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KG's short term assets ($1.9B) exceed its short term liabilities ($1.5B).
Long Term Liabilities: KG's short term assets ($1.9B) do not cover its long term liabilities ($2.7B).
Debt to Equity History and Analysis
Debt Level: KG's net debt to equity ratio (23.8%) is considered satisfactory.
Reducing Debt: KG's debt to equity ratio has reduced from 40.1% to 31.5% over the past 5 years.
Debt Coverage: KG's debt is well covered by operating cash flow (88.3%).
Interest Coverage: KG's interest payments on its debt are well covered by EBIT (28.2x coverage).