First Quantum Minerals Ltd.

DB:IZ1 Stock Report

Market Cap: €10.7b

First Quantum Minerals Balance Sheet Health

Financial Health criteria checks 2/6

First Quantum Minerals has a total shareholder equity of $11.6B and total debt of $7.8B, which brings its debt-to-equity ratio to 67.3%. Its total assets and total liabilities are $23.9B and $12.3B respectively. First Quantum Minerals's EBIT is $652.0M making its interest coverage ratio 1.1. It has cash and short-term investments of $783.0M.

Key information

67.3%

Debt to equity ratio

US$7.84b

Debt

Interest coverage ratio1.1x
CashUS$783.00m
EquityUS$11.64b
Total liabilitiesUS$12.30b
Total assetsUS$23.94b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: IZ1's short term assets ($3.2B) exceed its short term liabilities ($1.8B).

Long Term Liabilities: IZ1's short term assets ($3.2B) do not cover its long term liabilities ($10.5B).


Debt to Equity History and Analysis

Debt Level: IZ1's net debt to equity ratio (60.6%) is considered high.

Reducing Debt: IZ1's debt to equity ratio has reduced from 90.1% to 67.3% over the past 5 years.

Debt Coverage: IZ1's debt is not well covered by operating cash flow (11.3%).

Interest Coverage: IZ1's interest payments on its debt are not well covered by EBIT (1.1x coverage).


Balance Sheet


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