Brigham Minerals Balance Sheet Health
Financial Health criteria checks 5/6
Brigham Minerals has a total shareholder equity of $762.1M and total debt of $73.0M, which brings its debt-to-equity ratio to 9.6%. Its total assets and total liabilities are $865.5M and $103.4M respectively. Brigham Minerals's EBIT is $204.2M making its interest coverage ratio 66.1. It has cash and short-term investments of $33.0M.
Key information
9.6%
Debt to equity ratio
US$73.00m
Debt
Interest coverage ratio | 66.1x |
Cash | US$33.00m |
Equity | US$762.09m |
Total liabilities | US$103.39m |
Total assets | US$865.48m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2TQ's short term assets ($106.1M) exceed its short term liabilities ($23.1M).
Long Term Liabilities: 2TQ's short term assets ($106.1M) exceed its long term liabilities ($80.3M).
Debt to Equity History and Analysis
Debt Level: 2TQ's net debt to equity ratio (5.2%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 2TQ's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 2TQ's debt is well covered by operating cash flow (273.4%).
Interest Coverage: 2TQ's interest payments on its debt are well covered by EBIT (66.1x coverage).