Fortress Minerals Balance Sheet Health
Financial Health criteria checks 5/6
Fortress Minerals has a total shareholder equity of $74.8M and total debt of $7.8M, which brings its debt-to-equity ratio to 10.4%. Its total assets and total liabilities are $99.3M and $24.5M respectively. Fortress Minerals's EBIT is $15.0M making its interest coverage ratio 21.5. It has cash and short-term investments of $11.9M.
Key information
10.4%
Debt to equity ratio
US$7.78m
Debt
| Interest coverage ratio | 21.5x |
| Cash | US$11.90m |
| Equity | US$74.77m |
| Total liabilities | US$24.49m |
| Total assets | US$99.26m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OAJ's short term assets ($25.6M) exceed its short term liabilities ($17.2M).
Long Term Liabilities: OAJ's short term assets ($25.6M) exceed its long term liabilities ($7.3M).
Debt to Equity History and Analysis
Debt Level: OAJ has more cash than its total debt.
Reducing Debt: OAJ's debt to equity ratio has increased from 0% to 10.4% over the past 5 years.
Debt Coverage: OAJ's debt is well covered by operating cash flow (263%).
Interest Coverage: OAJ's interest payments on its debt are well covered by EBIT (21.5x coverage).