Golden Energy Mines Balance Sheet Health
Financial Health criteria checks 6/6
Golden Energy Mines has a total shareholder equity of $663.1M and total debt of $251.8M, which brings its debt-to-equity ratio to 38%. Its total assets and total liabilities are $1.3B and $648.9M respectively. Golden Energy Mines's EBIT is $694.1M making its interest coverage ratio -188.7. It has cash and short-term investments of $318.5M.
Key information
38.0%
Debt to equity ratio
US$251.79m
Debt
Interest coverage ratio | -188.7x |
Cash | US$318.50m |
Equity | US$663.11m |
Total liabilities | US$648.93m |
Total assets | US$1.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GEMS's short term assets ($842.0M) exceed its short term liabilities ($615.4M).
Long Term Liabilities: GEMS's short term assets ($842.0M) exceed its long term liabilities ($33.6M).
Debt to Equity History and Analysis
Debt Level: GEMS has more cash than its total debt.
Reducing Debt: GEMS's debt to equity ratio has reduced from 38.3% to 38% over the past 5 years.
Debt Coverage: GEMS's debt is well covered by operating cash flow (155.2%).
Interest Coverage: GEMS earns more interest than it pays, so coverage of interest payments is not a concern.