Evolution Mining Balance Sheet Health
Financial Health criteria checks 2/6
Evolution Mining has a total shareholder equity of A$3.8B and total debt of A$1.9B, which brings its debt-to-equity ratio to 49.5%. Its total assets and total liabilities are A$8.2B and A$4.4B respectively. Evolution Mining's EBIT is A$404.8M making its interest coverage ratio 4.4. It has cash and short-term investments of A$191.0M.
Key information
49.5%
Debt to equity ratio
AU$1.91b
Debt
Interest coverage ratio | 4.4x |
Cash | AU$191.04m |
Equity | AU$3.85b |
Total liabilities | AU$4.40b |
Total assets | AU$8.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WE7's short term assets (A$744.6M) do not cover its short term liabilities (A$782.8M).
Long Term Liabilities: WE7's short term assets (A$744.6M) do not cover its long term liabilities (A$3.6B).
Debt to Equity History and Analysis
Debt Level: WE7's net debt to equity ratio (44.5%) is considered high.
Reducing Debt: WE7's debt to equity ratio has increased from 15% to 49.5% over the past 5 years.
Debt Coverage: WE7's debt is well covered by operating cash flow (45.4%).
Interest Coverage: WE7's interest payments on its debt are well covered by EBIT (4.4x coverage).