Inter-Rock Minerals Balance Sheet Health
Financial Health criteria checks 6/6
Inter-Rock Minerals has a total shareholder equity of $10.7M and total debt of $3.9M, which brings its debt-to-equity ratio to 36.6%. Its total assets and total liabilities are $27.5M and $16.8M respectively. Inter-Rock Minerals's EBIT is $2.7M making its interest coverage ratio 7.4. It has cash and short-term investments of $4.6M.
Key information
36.6%
Debt to equity ratio
US$3.93m
Debt
Interest coverage ratio | 7.4x |
Cash | US$4.60m |
Equity | US$10.74m |
Total liabilities | US$16.80m |
Total assets | US$27.54m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IRCK.F's short term assets ($20.9M) exceed its short term liabilities ($12.0M).
Long Term Liabilities: IRCK.F's short term assets ($20.9M) exceed its long term liabilities ($4.8M).
Debt to Equity History and Analysis
Debt Level: IRCK.F has more cash than its total debt.
Reducing Debt: IRCK.F's debt to equity ratio has reduced from 236.1% to 36.6% over the past 5 years.
Debt Coverage: IRCK.F's debt is well covered by operating cash flow (101.4%).
Interest Coverage: IRCK.F's interest payments on its debt are well covered by EBIT (7.4x coverage).