Mandalay Resources Balance Sheet Health
Financial Health criteria checks 6/6
Mandalay Resources has a total shareholder equity of $227.5M and total debt of $6.1M, which brings its debt-to-equity ratio to 2.7%. Its total assets and total liabilities are $323.7M and $96.2M respectively. Mandalay Resources's EBIT is $70.8M making its interest coverage ratio -248.5. It has cash and short-term investments of $55.7M.
Key information
2.7%
Debt to equity ratio
US$6.05m
Debt
| Interest coverage ratio | -248.5x |
| Cash | US$55.75m |
| Equity | US$227.49m |
| Total liabilities | US$96.24m |
| Total assets | US$323.73m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: R7X2's short term assets ($107.5M) exceed its short term liabilities ($53.6M).
Long Term Liabilities: R7X2's short term assets ($107.5M) exceed its long term liabilities ($42.6M).
Debt to Equity History and Analysis
Debt Level: R7X2 has more cash than its total debt.
Reducing Debt: R7X2's debt to equity ratio has reduced from 56.1% to 2.7% over the past 5 years.
Debt Coverage: R7X2's debt is well covered by operating cash flow (1472%).
Interest Coverage: R7X2 earns more interest than it pays, so coverage of interest payments is not a concern.