Kinross Gold Balance Sheet Health
Financial Health criteria checks 5/6
Kinross Gold has a total shareholder equity of $6.2B and total debt of $2.2B, which brings its debt-to-equity ratio to 36.1%. Its total assets and total liabilities are $10.5B and $4.4B respectively. Kinross Gold's EBIT is $764.4M making its interest coverage ratio 26.8. It has cash and short-term investments of $366.9M.
Key information
36.1%
Debt to equity ratio
US$2.23b
Debt
Interest coverage ratio | 26.8x |
Cash | US$366.90m |
Equity | US$6.19b |
Total liabilities | US$4.36b |
Total assets | US$10.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KIN2's short term assets ($1.8B) exceed its short term liabilities ($685.5M).
Long Term Liabilities: KIN2's short term assets ($1.8B) do not cover its long term liabilities ($3.7B).
Debt to Equity History and Analysis
Debt Level: KIN2's net debt to equity ratio (30.2%) is considered satisfactory.
Reducing Debt: KIN2's debt to equity ratio has reduced from 38.3% to 36.1% over the past 5 years.
Debt Coverage: KIN2's debt is well covered by operating cash flow (71.9%).
Interest Coverage: KIN2's interest payments on its debt are well covered by EBIT (26.8x coverage).