Griffin Mining Balance Sheet Health

Financial Health criteria checks 6/6

Griffin Mining has a total shareholder equity of $273.2M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $324.4M and $51.3M respectively. Griffin Mining's EBIT is $34.4M making its interest coverage ratio -23.1. It has cash and short-term investments of $65.3M.

Key information

0%

Debt to equity ratio

US$0

Debt

Interest coverage ratio-23.1x
CashUS$65.25m
EquityUS$273.16m
Total liabilitiesUS$51.26m
Total assetsUS$324.43m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: GG7's short term assets ($77.1M) exceed its short term liabilities ($43.7M).

Long Term Liabilities: GG7's short term assets ($77.1M) exceed its long term liabilities ($7.6M).


Debt to Equity History and Analysis

Debt Level: GG7 is debt free.

Reducing Debt: GG7 had no debt 5 years ago.

Debt Coverage: GG7 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: GG7 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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