Agnico Eagle Mines Balance Sheet Health
Financial Health criteria checks 5/6
Agnico Eagle Mines has a total shareholder equity of $19.4B and total debt of $2.0B, which brings its debt-to-equity ratio to 10.3%. Its total assets and total liabilities are $28.7B and $9.3B respectively. Agnico Eagle Mines's EBIT is $1.5B making its interest coverage ratio 15.9. It has cash and short-term investments of $348.8M.
Key information
10.3%
Debt to equity ratio
US$2.00b
Debt
Interest coverage ratio | 15.9x |
Cash | US$348.85m |
Equity | US$19.42b |
Total liabilities | US$9.26b |
Total assets | US$28.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0R2J's short term assets ($2.2B) exceed its short term liabilities ($1.0B).
Long Term Liabilities: 0R2J's short term assets ($2.2B) do not cover its long term liabilities ($8.2B).
Debt to Equity History and Analysis
Debt Level: 0R2J's net debt to equity ratio (8.5%) is considered satisfactory.
Reducing Debt: 0R2J's debt to equity ratio has reduced from 37.7% to 10.3% over the past 5 years.
Debt Coverage: 0R2J's debt is well covered by operating cash flow (129.8%).
Interest Coverage: 0R2J's interest payments on its debt are well covered by EBIT (15.9x coverage).