Thungela Resources Balance Sheet Health
Financial Health criteria checks 5/6
Thungela Resources has a total shareholder equity of ZAR23.8B and total debt of ZAR71.0M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are ZAR46.0B and ZAR22.2B respectively. Thungela Resources's EBIT is ZAR4.1B making its interest coverage ratio -14.1. It has cash and short-term investments of ZAR8.4B.
Key information
0.3%
Debt to equity ratio
R71.00m
Debt
| Interest coverage ratio | -14.1x |
| Cash | R8.41b |
| Equity | R23.78b |
| Total liabilities | R22.24b |
| Total assets | R46.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TNGR.F's short term assets (ZAR17.3B) exceed its short term liabilities (ZAR9.2B).
Long Term Liabilities: TNGR.F's short term assets (ZAR17.3B) exceed its long term liabilities (ZAR13.1B).
Debt to Equity History and Analysis
Debt Level: TNGR.F has more cash than its total debt.
Reducing Debt: Insufficient data to determine if TNGR.F's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: TNGR.F's debt is well covered by operating cash flow (7660.6%).
Interest Coverage: TNGR.F earns more interest than it pays, so coverage of interest payments is not a concern.