Lundin Gold Balance Sheet Health
Financial Health criteria checks 6/6
Lundin Gold has a total shareholder equity of $955.8M and total debt of $305.6M, which brings its debt-to-equity ratio to 32%. Its total assets and total liabilities are $1.5B and $512.4M respectively. Lundin Gold's EBIT is $390.4M making its interest coverage ratio 24.7. It has cash and short-term investments of $268.0M.
Key information
32.0%
Debt to equity ratio
US$305.65m
Debt
Interest coverage ratio | 24.7x |
Cash | US$268.03m |
Equity | US$955.81m |
Total liabilities | US$512.40m |
Total assets | US$1.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: F1YN's short term assets ($533.9M) exceed its short term liabilities ($187.0M).
Long Term Liabilities: F1YN's short term assets ($533.9M) exceed its long term liabilities ($325.4M).
Debt to Equity History and Analysis
Debt Level: F1YN's net debt to equity ratio (3.9%) is considered satisfactory.
Reducing Debt: F1YN's debt to equity ratio has reduced from 60.9% to 32% over the past 5 years.
Debt Coverage: F1YN's debt is well covered by operating cash flow (169.9%).
Interest Coverage: F1YN's interest payments on its debt are well covered by EBIT (24.7x coverage).