SouthGobi Resources Balance Sheet Health
Financial Health criteria checks 2/6
SouthGobi Resources has a total shareholder equity of $-129.0M and total debt of $210.7M, which brings its debt-to-equity ratio to -163.3%. Its total assets and total liabilities are $345.9M and $474.9M respectively. SouthGobi Resources's EBIT is $133.2M making its interest coverage ratio 3.1. It has cash and short-term investments of $12.7M.
Key information
-163.3%
Debt to equity ratio
US$210.69m
Debt
| Interest coverage ratio | 3.1x |
| Cash | US$12.66m |
| Equity | -US$129.00m |
| Total liabilities | US$474.87m |
| Total assets | US$345.87m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SGQR.F has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: SGQR.F has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: SGQR.F has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: SGQR.F's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: SGQR.F's debt is well covered by operating cash flow (77.9%).
Interest Coverage: SGQR.F's interest payments on its debt are well covered by EBIT (3.1x coverage).