Mandalay Resources Balance Sheet Health
Financial Health criteria checks 6/6
Mandalay Resources has a total shareholder equity of $214.0M and total debt of $25.4M, which brings its debt-to-equity ratio to 11.9%. Its total assets and total liabilities are $323.3M and $109.2M respectively. Mandalay Resources's EBIT is $59.5M making its interest coverage ratio 1450.6. It has cash and short-term investments of $63.9M.
Key information
11.9%
Debt to equity ratio
US$25.38m
Debt
| Interest coverage ratio | 1450.6x |
| Cash | US$63.89m |
| Equity | US$214.03m |
| Total liabilities | US$109.24m |
| Total assets | US$323.27m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: R7X2's short term assets ($114.3M) exceed its short term liabilities ($64.5M).
Long Term Liabilities: R7X2's short term assets ($114.3M) exceed its long term liabilities ($44.7M).
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 48.6% to 11.9% over the past 5 years.
Debt Coverage: R7X2's debt is well covered by operating cash flow (287.2%).
Interest Coverage: R7X2's interest payments on its debt are well covered by EBIT (1450.6x coverage).