Kinross Gold Balance Sheet Health
Financial Health criteria checks 5/6
Kinross Gold has a total shareholder equity of $6.8B and total debt of $1.7B, which brings its debt-to-equity ratio to 24.8%. Its total assets and total liabilities are $10.8B and $4.0B respectively. Kinross Gold's EBIT is $1.1B making its interest coverage ratio 38.4. It has cash and short-term investments of $488.9M.
Key information
24.8%
Debt to equity ratio
US$1.68b
Debt
| Interest coverage ratio | 38.4x |
| Cash | US$488.90m |
| Equity | US$6.79b |
| Total liabilities | US$3.97b |
| Total assets | US$10.76b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KIN2's short term assets ($2.0B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: KIN2's short term assets ($2.0B) do not cover its long term liabilities ($2.7B).
Debt to Equity History and Analysis
Debt Level: KIN2's net debt to equity ratio (17.6%) is considered satisfactory.
Reducing Debt: KIN2's debt to equity ratio has reduced from 38.4% to 24.8% over the past 5 years.
Debt Coverage: KIN2's debt is well covered by operating cash flow (126%).
Interest Coverage: KIN2's interest payments on its debt are well covered by EBIT (38.4x coverage).