Altius Minerals Balance Sheet Health
Financial Health criteria checks 5/6
Altius Minerals has a total shareholder equity of CA$612.5M and total debt of CA$112.2M, which brings its debt-to-equity ratio to 18.3%. Its total assets and total liabilities are CA$773.5M and CA$161.0M respectively. Altius Minerals's EBIT is CA$30.5M making its interest coverage ratio 3.3. It has cash and short-term investments of CA$130.4M.
Key information
18.3%
Debt to equity ratio
CA$112.17m
Debt
Interest coverage ratio | 3.3x |
Cash | CA$130.42m |
Equity | CA$612.54m |
Total liabilities | CA$161.00m |
Total assets | CA$773.54m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VTM's short term assets (CA$144.7M) exceed its short term liabilities (CA$12.9M).
Long Term Liabilities: VTM's short term assets (CA$144.7M) do not cover its long term liabilities (CA$148.1M).
Debt to Equity History and Analysis
Debt Level: VTM has more cash than its total debt.
Reducing Debt: VTM's debt to equity ratio has reduced from 29.5% to 18.3% over the past 5 years.
Debt Coverage: VTM's debt is well covered by operating cash flow (32.5%).
Interest Coverage: VTM's interest payments on its debt are well covered by EBIT (3.3x coverage).