Thungela Resources Balance Sheet Health
Financial Health criteria checks 5/6
Thungela Resources has a total shareholder equity of ZAR26.2B and total debt of ZAR60.0M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are ZAR40.6B and ZAR14.4B respectively. Thungela Resources's EBIT is ZAR27.9B making its interest coverage ratio -124. It has cash and short-term investments of ZAR15.3B.
Key information
0.2%
Debt to equity ratio
R60.00m
Debt
| Interest coverage ratio | -124x |
| Cash | R15.33b |
| Equity | R26.16b |
| Total liabilities | R14.42b |
| Total assets | R40.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TGA N's short term assets (ZAR23.8B) exceed its short term liabilities (ZAR5.3B).
Long Term Liabilities: TGA N's short term assets (ZAR23.8B) exceed its long term liabilities (ZAR9.1B).
Debt to Equity History and Analysis
Debt Level: TGA N has more cash than its total debt.
Reducing Debt: Insufficient data to determine if TGA N's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: TGA N's debt is well covered by operating cash flow (32973.3%).
Interest Coverage: TGA N earns more interest than it pays, so coverage of interest payments is not a concern.