Robex Resources Balance Sheet Health
Financial Health criteria checks 5/6
Robex Resources has a total shareholder equity of CA$214.3M and total debt of CA$52.1M, which brings its debt-to-equity ratio to 24.3%. Its total assets and total liabilities are CA$311.6M and CA$97.3M respectively. Robex Resources's EBIT is CA$31.6M making its interest coverage ratio 10.9. It has cash and short-term investments of CA$18.1M.
Key information
24.3%
Debt to equity ratio
CA$52.13m
Debt
Interest coverage ratio | 10.9x |
Cash | CA$18.14m |
Equity | CA$214.33m |
Total liabilities | CA$97.32m |
Total assets | CA$311.65m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RB4A's short term assets (CA$46.9M) do not cover its short term liabilities (CA$73.0M).
Long Term Liabilities: RB4A's short term assets (CA$46.9M) exceed its long term liabilities (CA$24.3M).
Debt to Equity History and Analysis
Debt Level: RB4A's net debt to equity ratio (15.9%) is considered satisfactory.
Reducing Debt: RB4A's debt to equity ratio has reduced from 69.1% to 24.3% over the past 5 years.
Debt Coverage: RB4A's debt is well covered by operating cash flow (92.4%).
Interest Coverage: RB4A's interest payments on its debt are well covered by EBIT (10.9x coverage).