Lundin Mining Balance Sheet Health
Financial Health criteria checks 4/6
Lundin Mining has a total shareholder equity of $6.2B and total debt of $1.8B, which brings its debt-to-equity ratio to 29.7%. Its total assets and total liabilities are $11.1B and $4.9B respectively. Lundin Mining's EBIT is $808.5M making its interest coverage ratio 6.8. It has cash and short-term investments of $349.6M.
Key information
29.7%
Debt to equity ratio
US$1.83b
Debt
| Interest coverage ratio | 6.8x |
| Cash | US$349.62m |
| Equity | US$6.15b |
| Total liabilities | US$4.93b |
| Total assets | US$11.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LUMIS's short term assets ($1.9B) exceed its short term liabilities ($1.4B).
Long Term Liabilities: LUMIS's short term assets ($1.9B) do not cover its long term liabilities ($3.6B).
Debt to Equity History and Analysis
Debt Level: LUMIS's net debt to equity ratio (24%) is considered satisfactory.
Reducing Debt: LUMIS's debt to equity ratio has increased from 7.9% to 29.7% over the past 5 years.
Debt Coverage: LUMIS's debt is well covered by operating cash flow (65.9%).
Interest Coverage: LUMIS's interest payments on its debt are well covered by EBIT (6.8x coverage).