Lynas Rare Earths Balance Sheet Health
Financial Health criteria checks 6/6
Lynas Rare Earths has a total shareholder equity of A$2.2B and total debt of A$172.6M, which brings its debt-to-equity ratio to 7.8%. Its total assets and total liabilities are A$2.7B and A$523.7M respectively. Lynas Rare Earths's EBIT is A$159.5M making its interest coverage ratio -3.5. It has cash and short-term investments of A$686.1M.
Key information
7.8%
Debt to equity ratio
AU$172.55m
Debt
Interest coverage ratio | -3.5x |
Cash | AU$686.10m |
Equity | AU$2.20b |
Total liabilities | AU$523.67m |
Total assets | AU$2.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0A2N's short term assets (A$835.7M) exceed its short term liabilities (A$142.4M).
Long Term Liabilities: 0A2N's short term assets (A$835.7M) exceed its long term liabilities (A$381.3M).
Debt to Equity History and Analysis
Debt Level: 0A2N has more cash than its total debt.
Reducing Debt: 0A2N's debt to equity ratio has reduced from 52.3% to 7.8% over the past 5 years.
Debt Coverage: 0A2N's debt is well covered by operating cash flow (116.1%).
Interest Coverage: 0A2N earns more interest than it pays, so coverage of interest payments is not a concern.