Griffin Mining Balance Sheet Health
Financial Health criteria checks 6/6
Griffin Mining has a total shareholder equity of $255.1M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $303.2M and $48.1M respectively. Griffin Mining's EBIT is $19.2M making its interest coverage ratio -28.5. It has cash and short-term investments of $46.9M.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | -28.5x |
Cash | US$46.89m |
Equity | US$255.08m |
Total liabilities | US$48.08m |
Total assets | US$303.15m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GG7's short term assets ($55.4M) exceed its short term liabilities ($34.6M).
Long Term Liabilities: GG7's short term assets ($55.4M) exceed its long term liabilities ($13.5M).
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.