Caledonia Mining Balance Sheet Health
Financial Health criteria checks 5/6
Caledonia Mining has a total shareholder equity of $261.0M and total debt of $23.1M, which brings its debt-to-equity ratio to 8.8%. Its total assets and total liabilities are $321.8M and $60.8M respectively. Caledonia Mining's EBIT is $33.2M making its interest coverage ratio 12.3. It has cash and short-term investments of $1.8M.
Key information
8.8%
Debt to equity ratio
US$23.06m
Debt
Interest coverage ratio | 12.3x |
Cash | US$1.83m |
Equity | US$261.02m |
Total liabilities | US$60.76m |
Total assets | US$321.78m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CMCL's short term assets ($47.5M) exceed its short term liabilities ($38.2M).
Long Term Liabilities: CMCL's short term assets ($47.5M) exceed its long term liabilities ($22.6M).
Debt to Equity History and Analysis
Debt Level: CMCL's net debt to equity ratio (8.1%) is considered satisfactory.
Reducing Debt: CMCL's debt to equity ratio has increased from 2.3% to 8.8% over the past 5 years.
Debt Coverage: CMCL's debt is well covered by operating cash flow (89%).
Interest Coverage: CMCL's interest payments on its debt are well covered by EBIT (12.3x coverage).