Royal Gold Balance Sheet Health
Financial Health criteria checks 5/6
Royal Gold has a total shareholder equity of $2.9B and total debt of $246.0M, which brings its debt-to-equity ratio to 8.5%. Its total assets and total liabilities are $3.4B and $460.4M respectively. Royal Gold's EBIT is $303.2M making its interest coverage ratio 16.4. It has cash and short-term investments of $104.2M.
Key information
8.5%
Debt to equity ratio
US$245.97m
Debt
Interest coverage ratio | 16.4x |
Cash | US$104.17m |
Equity | US$2.90b |
Total liabilities | US$460.42m |
Total assets | US$3.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RG3's short term assets ($167.4M) exceed its short term liabilities ($72.4M).
Long Term Liabilities: RG3's short term assets ($167.4M) do not cover its long term liabilities ($388.0M).
Debt to Equity History and Analysis
Debt Level: RG3's net debt to equity ratio (4.9%) is considered satisfactory.
Reducing Debt: RG3's debt to equity ratio has reduced from 16.7% to 8.5% over the past 5 years.
Debt Coverage: RG3's debt is well covered by operating cash flow (169%).
Interest Coverage: RG3's interest payments on its debt are well covered by EBIT (16.4x coverage).