Fortuna Mining Balance Sheet Health
Financial Health criteria checks 5/6
Fortuna Mining has a total shareholder equity of $1.4B and total debt of $167.2M, which brings its debt-to-equity ratio to 12%. Its total assets and total liabilities are $2.0B and $634.6M respectively. Fortuna Mining's EBIT is $115.9M making its interest coverage ratio 16.7. It has cash and short-term investments of $105.6M.
Key information
12.0%
Debt to equity ratio
US$167.17m
Debt
| Interest coverage ratio | 16.7x |
| Cash | US$105.60m |
| Equity | US$1.39b |
| Total liabilities | US$634.64m |
| Total assets | US$2.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: F4S0's short term assets ($384.1M) exceed its short term liabilities ($253.8M).
Long Term Liabilities: F4S0's short term assets ($384.1M) exceed its long term liabilities ($380.9M).
Debt to Equity History and Analysis
Debt Level: F4S0's net debt to equity ratio (4.4%) is considered satisfactory.
Reducing Debt: F4S0's debt to equity ratio has increased from 11.4% to 12% over the past 5 years.
Debt Coverage: F4S0's debt is well covered by operating cash flow (199.8%).
Interest Coverage: F4S0's interest payments on its debt are well covered by EBIT (16.7x coverage).