SouthGobi Resources Balance Sheet Health
Financial Health criteria checks 1/6
SouthGobi Resources has a total shareholder equity of $-126.8M and total debt of $201.7M, which brings its debt-to-equity ratio to -159%. Its total assets and total liabilities are $320.2M and $447.1M respectively. SouthGobi Resources's EBIT is $80.6M making its interest coverage ratio 1.8. It has cash and short-term investments of $15.4M.
Key information
-159.0%
Debt to equity ratio
US$201.69m
Debt
Interest coverage ratio | 1.8x |
Cash | US$15.37m |
Equity | -US$126.83m |
Total liabilities | US$447.08m |
Total assets | US$320.24m |
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 (62.1%).
Interest Coverage: SGQR.F's interest payments on its debt are not well covered by EBIT (1.8x coverage).