Kenmare Resources Balance Sheet Health
Financial Health criteria checks 6/6
Kenmare Resources has a total shareholder equity of $1.1B and total debt of $47.9M, which brings its debt-to-equity ratio to 4.2%. Its total assets and total liabilities are $1.3B and $117.9M respectively. Kenmare Resources's EBIT is $154.4M making its interest coverage ratio 72.1. It has cash and short-term investments of $71.0M.
Key information
4.2%
Debt to equity ratio
US$47.87m
Debt
Interest coverage ratio | 72.1x |
Cash | US$71.05m |
Equity | US$1.14b |
Total liabilities | US$117.88m |
Total assets | US$1.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KMRL's short term assets ($324.0M) exceed its short term liabilities ($80.2M).
Long Term Liabilities: KMRL's short term assets ($324.0M) exceed its long term liabilities ($37.6M).
Debt to Equity History and Analysis
Debt Level: KMRL has more cash than its total debt.
Reducing Debt: KMRL's debt to equity ratio has reduced from 9.8% to 4.2% over the past 5 years.
Debt Coverage: KMRL's debt is well covered by operating cash flow (320%).
Interest Coverage: KMRL's interest payments on its debt are well covered by EBIT (72.1x coverage).