New Gold Balance Sheet Health
Financial Health criteria checks 5/6
New Gold has a total shareholder equity of $997.2M and total debt of $446.7M, which brings its debt-to-equity ratio to 44.8%. Its total assets and total liabilities are $2.0B and $985.8M respectively. New Gold's EBIT is $100.7M making its interest coverage ratio -9.1. It has cash and short-term investments of $140.5M.
Key information
44.8%
Debt to equity ratio
US$446.70m
Debt
| Interest coverage ratio | -9.1x |
| Cash | US$140.50m |
| Equity | US$997.20m |
| Total liabilities | US$985.80m |
| Total assets | US$1.98b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0V90's short term assets ($279.5M) exceed its short term liabilities ($196.9M).
Long Term Liabilities: 0V90's short term assets ($279.5M) do not cover its long term liabilities ($788.9M).
Debt to Equity History and Analysis
Debt Level: 0V90's net debt to equity ratio (30.7%) is considered satisfactory.
Reducing Debt: 0V90's debt to equity ratio has reduced from 76% to 44.8% over the past 5 years.
Debt Coverage: 0V90's debt is well covered by operating cash flow (79.2%).
Interest Coverage: 0V90 earns more interest than it pays, so coverage of interest payments is not a concern.