Zanaga Iron Ore Balance Sheet Health
Financial Health criteria checks 2/6
Zanaga Iron Ore has a total shareholder equity of $84.9M and total debt of $1.2M, which brings its debt-to-equity ratio to 1.4%. Its total assets and total liabilities are $86.6M and $1.8M respectively.
Key information
1.4%
Debt to equity ratio
US$1.19m
Debt
Interest coverage ratio | n/a |
Cash | US$573.00k |
Equity | US$84.85m |
Total liabilities | US$1.76m |
Total assets | US$86.61m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6ZA's short term assets ($617.0K) do not cover its short term liabilities ($1.7M).
Long Term Liabilities: 6ZA's short term assets ($617.0K) exceed its long term liabilities ($105.0K).
Debt to Equity History and Analysis
Debt Level: 6ZA's net debt to equity ratio (0.7%) is considered satisfactory.
Reducing Debt: 6ZA's debt to equity ratio has increased from 0% to 1.4% over the past 5 years.
Debt Coverage: 6ZA's debt is not well covered by operating cash flow (14.3%).
Interest Coverage: Insufficient data to determine if 6ZA's interest payments on its debt are well covered by EBIT.