Eldorado Gold Balance Sheet Health
Financial Health criteria checks 4/6
Eldorado Gold has a total shareholder equity of $3.8B and total debt of $849.2M, which brings its debt-to-equity ratio to 22.6%. Its total assets and total liabilities are $5.6B and $1.8B respectively. Eldorado Gold's EBIT is $320.1M making its interest coverage ratio -42.2. It has cash and short-term investments of $677.8M.
Key information
22.6%
Debt to equity ratio
US$849.20m
Debt
| Interest coverage ratio | -42.2x |
| Cash | US$677.76m |
| Equity | US$3.76b |
| Total liabilities | US$1.80b |
| Total assets | US$5.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ELO1's short term assets ($1.2B) exceed its short term liabilities ($350.7M).
Long Term Liabilities: ELO1's short term assets ($1.2B) do not cover its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: ELO1's net debt to equity ratio (4.6%) is considered satisfactory.
Reducing Debt: ELO1's debt to equity ratio has increased from 14.5% to 22.6% over the past 5 years.
Debt Coverage: ELO1's debt is well covered by operating cash flow (64.6%).
Interest Coverage: ELO1 earns more interest than it pays, so coverage of interest payments is not a concern.