Antofagasta Balance Sheet Health
Financial Health criteria checks 6/6
Antofagasta has a total shareholder equity of $11.6B and total debt of $3.1B, which brings its debt-to-equity ratio to 27%. Its total assets and total liabilities are $18.2B and $6.6B respectively. Antofagasta's EBIT is $1.6B making its interest coverage ratio 42. It has cash and short-term investments of $2.4B.
Key information
27.0%
Debt to equity ratio
US$3.15b
Debt
| Interest coverage ratio | 42x |
| Cash | US$2.39b |
| Equity | US$11.64b |
| Total liabilities | US$6.59b |
| Total assets | US$18.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ANTO N's short term assets ($5.2B) exceed its short term liabilities ($1.6B).
Long Term Liabilities: ANTO N's short term assets ($5.2B) exceed its long term liabilities ($5.0B).
Debt to Equity History and Analysis
Debt Level: ANTO N's net debt to equity ratio (6.5%) is considered satisfactory.
Reducing Debt: ANTO N's debt to equity ratio has reduced from 28.4% to 27% over the past 5 years.
Debt Coverage: ANTO N's debt is well covered by operating cash flow (59.7%).
Interest Coverage: ANTO N's interest payments on its debt are well covered by EBIT (42x coverage).