Auriant Mining Balance Sheet Health
Financial Health criteria checks 0/6
Auriant Mining has a total shareholder equity of $-19.6M and total debt of $49.7M, which brings its debt-to-equity ratio to -253.9%. Its total assets and total liabilities are $49.6M and $69.2M respectively. Auriant Mining's EBIT is $7.5M making its interest coverage ratio 2.6. It has cash and short-term investments of $44.0K.
Key information
-253.9%
Debt to equity ratio
US$49.73m
Debt
| Interest coverage ratio | 2.6x |
| Cash | US$44.00k |
| Equity | -US$19.58m |
| Total liabilities | US$69.18m |
| Total assets | US$49.59m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 516 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 516 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: 516 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 516's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: 516's debt is not well covered by operating cash flow (5.5%).
Interest Coverage: 516's interest payments on its debt are not well covered by EBIT (2.6x coverage).