Inter-Rock Minerals Balance Sheet Health
Financial Health criteria checks 6/6
Inter-Rock Minerals has a total shareholder equity of $12.6M and total debt of $4.6M, which brings its debt-to-equity ratio to 36.2%. Its total assets and total liabilities are $27.0M and $14.4M respectively. Inter-Rock Minerals's EBIT is $3.4M making its interest coverage ratio 7.6. It has cash and short-term investments of $6.7M.
Key information
36.2%
Debt to equity ratio
US$4.56m
Debt
| Interest coverage ratio | 7.6x |
| Cash | US$6.66m |
| Equity | US$12.58m |
| Total liabilities | US$14.39m |
| Total assets | US$26.97m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: R77's short term assets ($18.7M) exceed its short term liabilities ($8.6M).
Long Term Liabilities: R77's short term assets ($18.7M) exceed its long term liabilities ($5.8M).
Debt to Equity History and Analysis
Debt Level: R77 has more cash than its total debt.
Reducing Debt: R77's debt to equity ratio has reduced from 178.2% to 36.2% over the past 5 years.
Debt Coverage: R77's debt is well covered by operating cash flow (79.1%).
Interest Coverage: R77's interest payments on its debt are well covered by EBIT (7.6x coverage).