Newton Resources Balance Sheet Health
Financial Health criteria checks 5/6
Newton Resources has a total shareholder equity of $30.3M and total debt of $14.7M, which brings its debt-to-equity ratio to 48.3%. Its total assets and total liabilities are $109.2M and $78.8M respectively. Newton Resources's EBIT is $3.2M making its interest coverage ratio 3.2. It has cash and short-term investments of $11.8M.
Key information
48.3%
Debt to equity ratio
US$14.66m
Debt
Interest coverage ratio | 3.2x |
Cash | US$11.77m |
Equity | US$30.34m |
Total liabilities | US$78.83m |
Total assets | US$109.17m |
Recent financial health updates
These 4 Measures Indicate That Newton Resources (HKG:1231) Is Using Debt Reasonably Well
Sep 29Is Newton Resources (HKG:1231) A Risky Investment?
May 03Is Newton Resources (HKG:1231) A Risky Investment?
Apr 23Recent updates
These 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 12Newton 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 ($99.3M) exceed its short term liabilities ($78.8M).
Long Term Liabilities: 1231 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 1231's net debt to equity ratio (9.5%) is considered satisfactory.
Reducing Debt: 1231's debt to equity ratio has reduced from 78.2% to 48.3% 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 (3.2x coverage).