Ero Copper Balance Sheet Health
Financial Health criteria checks 5/6
Ero Copper has a total shareholder equity of $809.3M and total debt of $426.2M, which brings its debt-to-equity ratio to 52.7%. Its total assets and total liabilities are $1.5B and $702.4M respectively. Ero Copper's EBIT is $92.5M making its interest coverage ratio 297.4. It has cash and short-term investments of $111.7M.
Key information
52.7%
Debt to equity ratio
US$426.23m
Debt
| Interest coverage ratio | 297.4x |
| Cash | US$111.74m |
| Equity | US$809.33m |
| Total liabilities | US$702.36m |
| Total assets | US$1.51b |
Recent financial health updates
Recent updates
Ero Copper: Wait For Better Entries In This Growing Player (Rating Downgrade)
Feb 03Ero Copper: The Returns Could Be Staggering If Gold Soars (Rating Upgrade)
Nov 11Ero Copper: Red Hot But Expensive [Rating Downgrade]
Aug 13Ero Copper: Strong Prospects But Shares May Become Cheaper
Jun 07Ero Copper: Battery Mineral Upside But Lula Risk Prevails
Feb 21Ero Copper ups existing credit facility limit to $150M
Dec 16Ero Copper: Exposure To Copper Production, But High Overhead Costs Are A Deterrent
Dec 06Ero Copper GAAP EPS of $0.04, revenue of $85.9M
Nov 01Ero Copper: Downward Momentum Dampens Excitement Over Growth
Sep 27Ero Copper GAAP EPS of $0.27, revenue of $114.9M misses by $5.64M
Aug 02Ero Copper: I Prefer The 8.85% Bonds Over The Equity
Jun 08Financial Position Analysis
Short Term Liabilities: ERO's short term assets ($199.5M) exceed its short term liabilities ($173.8M).
Long Term Liabilities: ERO's short term assets ($199.5M) do not cover its long term liabilities ($528.6M).
Debt to Equity History and Analysis
Debt Level: ERO's net debt to equity ratio (38.9%) is considered satisfactory.
Reducing Debt: ERO's debt to equity ratio has reduced from 146.6% to 52.7% over the past 5 years.
Debt Coverage: ERO's debt is well covered by operating cash flow (38.3%).
Interest Coverage: ERO's interest payments on its debt are well covered by EBIT (297.4x coverage).