SouthGobi Resources Balance Sheet Health
Financial Health criteria checks 1/6
SouthGobi Resources has a total shareholder equity of $-141.3M and total debt of $194.3M, which brings its debt-to-equity ratio to -137.5%. Its total assets and total liabilities are $295.7M and $437.1M respectively. SouthGobi Resources's EBIT is $76.0M making its interest coverage ratio 1.6. It has cash and short-term investments of $48.0M.
Key information
-137.5%
Debt to equity ratio
US$194.30m
Debt
Interest coverage ratio | 1.6x |
Cash | US$47.99m |
Equity | -US$141.33m |
Total liabilities | US$437.07m |
Total assets | US$295.74m |
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 (82.8%).
Interest Coverage: SGQR.F's interest payments on its debt are not well covered by EBIT (1.6x coverage).