Torex Gold Resources Balance Sheet Health
Financial Health criteria checks 6/6
Torex Gold Resources has a total shareholder equity of $1.5B and total debt of $53.9M, which brings its debt-to-equity ratio to 3.5%. Its total assets and total liabilities are $2.0B and $428.0M respectively. Torex Gold Resources's EBIT is $213.5M making its interest coverage ratio -18.1. It has cash and short-term investments of $108.7M.
Key information
3.5%
Debt to equity ratio
US$53.90m
Debt
| Interest coverage ratio | -18.1x |
| Cash | US$108.70m |
| Equity | US$1.54b |
| Total liabilities | US$428.00m |
| Total assets | US$1.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 73GN's short term assets ($346.0M) exceed its short term liabilities ($318.4M).
Long Term Liabilities: 73GN's short term assets ($346.0M) exceed its long term liabilities ($109.6M).
Debt to Equity History and Analysis
Debt Level: 73GN has more cash than its total debt.
Reducing Debt: 73GN's debt to equity ratio has reduced from 36.6% to 3.5% over the past 5 years.
Debt Coverage: 73GN's debt is well covered by operating cash flow (633.4%).
Interest Coverage: 73GN earns more interest than it pays, so coverage of interest payments is not a concern.