Capricorn Metals Balance Sheet Health
Financial Health criteria checks 4/6
Capricorn Metals has a total shareholder equity of A$307.6M and total debt of A$50.7M, which brings its debt-to-equity ratio to 16.5%. Its total assets and total liabilities are A$618.7M and A$311.2M respectively. Capricorn Metals's EBIT is A$69.0M making its interest coverage ratio 26.3. It has cash and short-term investments of A$157.8M.
Key information
16.5%
Debt to equity ratio
AU$50.66m
Debt
Interest coverage ratio | 26.3x |
Cash | AU$157.77m |
Equity | AU$307.56m |
Total liabilities | AU$311.17m |
Total assets | AU$618.73m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MGM's short term assets (A$183.1M) exceed its short term liabilities (A$48.4M).
Long Term Liabilities: MGM's short term assets (A$183.1M) do not cover its long term liabilities (A$262.7M).
Debt to Equity History and Analysis
Debt Level: MGM has more cash than its total debt.
Reducing Debt: MGM's debt to equity ratio has increased from 0% to 16.5% over the past 5 years.
Debt Coverage: MGM's debt is well covered by operating cash flow (330.8%).
Interest Coverage: MGM's interest payments on its debt are well covered by EBIT (26.3x coverage).