Steppe Gold Balance Sheet Health
Financial Health criteria checks 5/6
Steppe Gold has a total shareholder equity of $48.0M and total debt of $35.7M, which brings its debt-to-equity ratio to 74.3%. Its total assets and total liabilities are $98.3M and $50.3M respectively. Steppe Gold's EBIT is $20.0M making its interest coverage ratio 10. It has cash and short-term investments of $6.0M.
Key information
74.3%
Debt to equity ratio
US$35.69m
Debt
Interest coverage ratio | 10x |
Cash | US$6.01m |
Equity | US$48.00m |
Total liabilities | US$50.29m |
Total assets | US$98.29m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2J9's short term assets ($54.0M) exceed its short term liabilities ($27.3M).
Long Term Liabilities: 2J9's short term assets ($54.0M) exceed its long term liabilities ($23.0M).
Debt to Equity History and Analysis
Debt Level: 2J9's net debt to equity ratio (61.8%) is considered high.
Reducing Debt: 2J9's debt to equity ratio has reduced from 147% to 74.3% over the past 5 years.
Debt Coverage: 2J9's debt is well covered by operating cash flow (23%).
Interest Coverage: 2J9's interest payments on its debt are well covered by EBIT (10x coverage).