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OZ Minerals Balance Sheet Health
Financial Health criteria checks 3/6
OZ Minerals has a total shareholder equity of A$3.9B and total debt of A$390.6M, which brings its debt-to-equity ratio to 10%. Its total assets and total liabilities are A$6.1B and A$2.2B respectively. OZ Minerals's EBIT is A$343.7M making its interest coverage ratio 9.7. It has cash and short-term investments of A$136.7M.
Key information
10.0%
Debt to equity ratio
AU$390.60m
Debt
Interest coverage ratio | 9.7x |
Cash | AU$136.70m |
Equity | AU$3.91b |
Total liabilities | AU$2.16b |
Total assets | AU$6.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OXR's short term assets (A$837.5M) do not cover its short term liabilities (A$845.5M).
Long Term Liabilities: OXR's short term assets (A$837.5M) do not cover its long term liabilities (A$1.3B).
Debt to Equity History and Analysis
Debt Level: OXR's net debt to equity ratio (6.5%) is considered satisfactory.
Reducing Debt: OXR's debt to equity ratio has increased from 0% to 10% over the past 5 years.
Debt Coverage: OXR's debt is well covered by operating cash flow (165.8%).
Interest Coverage: OXR's interest payments on its debt are well covered by EBIT (9.7x coverage).