Altius Minerals Balance Sheet Health
Financial Health criteria checks 5/6
Altius Minerals has a total shareholder equity of CA$629.9M and total debt of CA$106.1M, which brings its debt-to-equity ratio to 16.8%. Its total assets and total liabilities are CA$791.6M and CA$161.7M respectively. Altius Minerals's EBIT is CA$29.0M making its interest coverage ratio 3.1. It has cash and short-term investments of CA$109.6M.
Key information
16.8%
Debt to equity ratio
CA$106.11m
Debt
| Interest coverage ratio | 3.1x |
| Cash | CA$109.63m |
| Equity | CA$629.94m |
| Total liabilities | CA$161.66m |
| Total assets | CA$791.60m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VTM's short term assets (CA$127.0M) exceed its short term liabilities (CA$15.2M).
Long Term Liabilities: VTM's short term assets (CA$127.0M) do not cover its long term liabilities (CA$146.5M).
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 28.5% to 16.8% over the past 5 years.
Debt Coverage: VTM's debt is well covered by operating cash flow (30.5%).
Interest Coverage: VTM's interest payments on its debt are well covered by EBIT (3.1x coverage).