Champion Iron Balance Sheet Health
Financial Health criteria checks 5/6
Champion Iron has a total shareholder equity of CA$1.4B and total debt of CA$531.4M, which brings its debt-to-equity ratio to 37.3%. Its total assets and total liabilities are CA$2.8B and CA$1.3B respectively. Champion Iron's EBIT is CA$534.2M making its interest coverage ratio 19.3. It has cash and short-term investments of CA$259.9M.
Key information
37.3%
Debt to equity ratio
CA$531.42m
Debt
| Interest coverage ratio | 19.3x |
| Cash | CA$259.86m |
| Equity | CA$1.43b |
| Total liabilities | CA$1.35b |
| Total assets | CA$2.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MMPI's short term assets (CA$904.2M) exceed its short term liabilities (CA$373.0M).
Long Term Liabilities: MMPI's short term assets (CA$904.2M) do not cover its long term liabilities (CA$972.9M).
Debt to Equity History and Analysis
Debt Level: MMPI's net debt to equity ratio (19%) is considered satisfactory.
Reducing Debt: MMPI's debt to equity ratio has reduced from 76.8% to 37.3% over the past 5 years.
Debt Coverage: MMPI's debt is well covered by operating cash flow (85.9%).
Interest Coverage: MMPI's interest payments on its debt are well covered by EBIT (19.3x coverage).