Lynas Rare Earths Balance Sheet Health
Financial Health criteria checks 6/6
Lynas Rare Earths has a total shareholder equity of A$2.2B and total debt of A$171.8M, which brings its debt-to-equity ratio to 7.7%. Its total assets and total liabilities are A$2.8B and A$562.1M respectively. Lynas Rare Earths's EBIT is A$61.8M making its interest coverage ratio -1.6. It has cash and short-term investments of A$523.8M.
Key information
7.7%
Debt to equity ratio
AU$171.84m
Debt
| Interest coverage ratio | -1.6x |
| Cash | AU$523.84m |
| Equity | AU$2.24b |
| Total liabilities | AU$562.12m |
| Total assets | AU$2.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LYIC's short term assets (A$707.3M) exceed its short term liabilities (A$169.3M).
Long Term Liabilities: LYIC's short term assets (A$707.3M) exceed its long term liabilities (A$392.8M).
Debt to Equity History and Analysis
Debt Level: LYIC has more cash than its total debt.
Reducing Debt: LYIC's debt to equity ratio has reduced from 35.5% to 7.7% over the past 5 years.
Debt Coverage: LYIC's debt is well covered by operating cash flow (20.3%).
Interest Coverage: LYIC earns more interest than it pays, so coverage of interest payments is not a concern.