Newton Resources Balance Sheet Health
Financial Health criteria checks 5/6
Newton Resources has a total shareholder equity of $31.7M and total debt of $13.5M, which brings its debt-to-equity ratio to 42.5%. Its total assets and total liabilities are $74.1M and $42.3M respectively. Newton Resources's EBIT is $1.9M making its interest coverage ratio 6.9. It has cash and short-term investments of $12.9M.
Key information
42.5%
Debt to equity ratio
US$13.49m
Debt
| Interest coverage ratio | 6.9x |
| Cash | US$12.87m |
| Equity | US$31.74m |
| Total liabilities | US$42.33m |
| Total assets | US$74.08m |
Recent financial health updates
These 4 Measures Indicate That Newton Resources (HKG:1231) Is Using Debt Reasonably Well
Sep 29
Is Newton Resources (HKG:1231) A Risky Investment?
May 03Is Newton Resources (HKG:1231) A Risky Investment?
Apr 23Recent updates
Newton Resources (HKG:1231) Shareholders Will Want The ROCE Trajectory To Continue
Nov 12Newton Resources Ltd's (HKG:1231) Shares Climb 31% But Its Business Is Yet to Catch Up
Sep 03Newton Resources (HKG:1231) Is Experiencing Growth In Returns On Capital
Aug 09Revenues Not Telling The Story For Newton Resources Ltd (HKG:1231)
Jun 07These 4 Measures Indicate That Newton Resources (HKG:1231) Is Using Debt Reasonably Well
Sep 29There's Been No Shortage Of Growth Recently For Newton Resources' (HKG:1231) Returns On Capital
Sep 04Earnings Working Against Newton Resources Ltd's (HKG:1231) Share Price Following 34% Dive
Jul 04Is Newton Resources (HKG:1231) A Risky Investment?
May 03Is Newton Resources (HKG:1231) A Risky Investment?
Apr 23How Much Of Newton Resources Ltd (HKG:1231) Do Insiders Own?
Mar 19Will Newton Resources' (HKG:1231) Growth In ROCE Persist?
Feb 12
Newton Resources (HKG:1231) Share Prices Have Dropped 28% In The Last Year
Jan 08How Much Of Newton Resources Ltd (HKG:1231) Do Insiders Own?
Dec 04Financial Position Analysis
Short Term Liabilities: 1231's short term assets ($65.8M) exceed its short term liabilities ($42.3M).
Long Term Liabilities: 1231 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 1231's net debt to equity ratio (2%) is considered satisfactory.
Reducing Debt: 1231's debt to equity ratio has reduced from 160.5% to 42.5% over the past 5 years.
Debt Coverage: 1231's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 1231's interest payments on its debt are well covered by EBIT (6.9x coverage).