Mongolian Mining Balance Sheet Health
Financial Health criteria checks 6/6
Mongolian Mining has a total shareholder equity of $1.4B and total debt of $214.9M, which brings its debt-to-equity ratio to 15.3%. Its total assets and total liabilities are $2.2B and $831.3M respectively. Mongolian Mining's EBIT is $376.9M making its interest coverage ratio 13.1. It has cash and short-term investments of $278.6M.
Key information
15.3%
Debt to equity ratio
US$214.94m
Debt
| Interest coverage ratio | 13.1x |
| Cash | US$278.60m |
| Equity | US$1.40b |
| Total liabilities | US$831.33m |
| Total assets | US$2.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 29X2's short term assets ($530.2M) exceed its short term liabilities ($422.9M).
Long Term Liabilities: 29X2's short term assets ($530.2M) exceed its long term liabilities ($408.4M).
Debt to Equity History and Analysis
Debt Level: 29X2 has more cash than its total debt.
Reducing Debt: 29X2's debt to equity ratio has reduced from 52.6% to 15.3% over the past 5 years.
Debt Coverage: 29X2's debt is well covered by operating cash flow (183.1%).
Interest Coverage: 29X2's interest payments on its debt are well covered by EBIT (13.1x coverage).