Agnico Eagle Mines Balance Sheet Health
Financial Health criteria checks 5/6
Agnico Eagle Mines has a total shareholder equity of $20.5B and total debt of $1.5B, which brings its debt-to-equity ratio to 7.2%. Its total assets and total liabilities are $29.8B and $9.3B respectively. Agnico Eagle Mines's EBIT is $2.4B making its interest coverage ratio 29. It has cash and short-term investments of $983.1M.
Key information
7.2%
Debt to equity ratio
US$1.47b
Debt
| Interest coverage ratio | 29x |
| Cash | US$983.11m |
| Equity | US$20.50b |
| Total liabilities | US$9.31b |
| Total assets | US$29.82b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AE9's short term assets ($2.9B) exceed its short term liabilities ($1.7B).
Long Term Liabilities: AE9's short term assets ($2.9B) do not cover its long term liabilities ($7.6B).
Debt to Equity History and Analysis
Debt Level: AE9's net debt to equity ratio (2.4%) is considered satisfactory.
Reducing Debt: AE9's debt to equity ratio has reduced from 36% to 7.2% over the past 5 years.
Debt Coverage: AE9's debt is well covered by operating cash flow (242.4%).
Interest Coverage: AE9's interest payments on its debt are well covered by EBIT (29x coverage).