Argonaut Gold Balance Sheet Health
Financial Health criteria checks 2/6
Argonaut Gold has a total shareholder equity of $967.4M and total debt of $267.0M, which brings its debt-to-equity ratio to 27.6%. Its total assets and total liabilities are $1.6B and $612.2M respectively. Argonaut Gold's EBIT is $23.6M making its interest coverage ratio 2.3. It has cash and short-term investments of $83.8M.
Key information
27.6%
Debt to equity ratio
US$267.03m
Debt
Interest coverage ratio | 2.3x |
Cash | US$83.79m |
Equity | US$967.43m |
Total liabilities | US$612.24m |
Total assets | US$1.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: A8U's short term assets ($242.7M) exceed its short term liabilities ($184.4M).
Long Term Liabilities: A8U's short term assets ($242.7M) do not cover its long term liabilities ($427.8M).
Debt to Equity History and Analysis
Debt Level: A8U's net debt to equity ratio (18.9%) is considered satisfactory.
Reducing Debt: A8U's debt to equity ratio has increased from 2.1% to 27.6% over the past 5 years.
Debt Coverage: A8U's debt is not well covered by operating cash flow (16.8%).
Interest Coverage: A8U's interest payments on its debt are not well covered by EBIT (2.3x coverage).