Lundin Mining Balance Sheet Health
Financial Health criteria checks 4/6
Lundin Mining has a total shareholder equity of $6.4B and total debt of $1.2B, which brings its debt-to-equity ratio to 18.8%. Its total assets and total liabilities are $10.9B and $4.4B respectively. Lundin Mining's EBIT is $501.6M making its interest coverage ratio 6.4. It has cash and short-term investments of $268.8M.
Key information
18.8%
Debt to equity ratio
US$1.21b
Debt
Interest coverage ratio | 6.4x |
Cash | US$268.79m |
Equity | US$6.42b |
Total liabilities | US$4.44b |
Total assets | US$10.86b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LUMI's short term assets ($1.8B) exceed its short term liabilities ($1.2B).
Long Term Liabilities: LUMI's short term assets ($1.8B) do not cover its long term liabilities ($3.2B).
Debt to Equity History and Analysis
Debt Level: LUMI's net debt to equity ratio (14.6%) is considered satisfactory.
Reducing Debt: LUMI's debt to equity ratio has increased from 0% to 18.8% over the past 5 years.
Debt Coverage: LUMI's debt is well covered by operating cash flow (84.1%).
Interest Coverage: LUMI's interest payments on its debt are well covered by EBIT (6.4x coverage).