Fortuna Mining Balance Sheet Health
Financial Health criteria checks 4/6
Fortuna Mining has a total shareholder equity of $1.3B and total debt of $167.6M, which brings its debt-to-equity ratio to 12.8%. Its total assets and total liabilities are $1.9B and $634.0M respectively. Fortuna Mining's EBIT is $68.1M making its interest coverage ratio 10.3. It has cash and short-term investments of $87.7M.
Key information
12.8%
Debt to equity ratio
US$167.60m
Debt
Interest coverage ratio | 10.3x |
Cash | US$87.73m |
Equity | US$1.31b |
Total liabilities | US$633.96m |
Total assets | US$1.95b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: F4S's short term assets ($312.0M) exceed its short term liabilities ($246.3M).
Long Term Liabilities: F4S's short term assets ($312.0M) do not cover its long term liabilities ($387.7M).
Debt to Equity History and Analysis
Debt Level: F4S's net debt to equity ratio (6.1%) is considered satisfactory.
Reducing Debt: F4S's debt to equity ratio has increased from 11.5% to 12.8% over the past 5 years.
Debt Coverage: F4S's debt is well covered by operating cash flow (181.4%).
Interest Coverage: F4S's interest payments on its debt are well covered by EBIT (10.3x coverage).