Fortuna Mining Balance Sheet Health
Financial Health criteria checks 5/6
Fortuna Mining has a total shareholder equity of $1.4B and total debt of $167.2M, which brings its debt-to-equity ratio to 12%. Its total assets and total liabilities are $2.0B and $634.6M respectively. Fortuna Mining's EBIT is $115.9M making its interest coverage ratio 16.7. It has cash and short-term investments of $105.6M.
Key information
12.0%
Debt to equity ratio
US$167.17m
Debt
| Interest coverage ratio | 16.7x |
| Cash | US$105.60m |
| Equity | US$1.39b |
| Total liabilities | US$634.64m |
| Total assets | US$2.02b |
Recent financial health updates
No updates
Recent updates
Fortuna Mining: High Production Cost, Short Mine Life, And Elevated Jurisdiction Risk
Oct 09Fortuna Mining: Another Solid Quarter In Q2
Jul 25Fortuna Silver Mines: A Premium Valuation Relative To Tier-2/3 Jurisdiction Peers
May 26Fortuna Silver Mines' Future Looks Bright
Apr 11Fortuna Silver Mines: A Phenomenal First Year For Seguela
Mar 19Fortuna Silver Mines: Underwhelming 2024 Guidance
Jan 28Fortuna Silver: Significant Margin Expansion In Q3
Dec 08Fortuna Silver Mines Q3 Earnings: A Solid Mid-Tier Gold And Silver Producer
Nov 09Fortuna Silver Mines: A Massive First Quarter From Seguela
Oct 06Fortuna Silver: Another Quarter Of Margin Compression
Aug 16Fortuna Silver: Seguela Mine Begins Contributing On Schedule
Jul 13Fortuna Silver: More Share Dilution, But A Decent Deal For Diamba Sud
Jun 07Fortuna Silver Mines: A Disappointing 2023 Outlook
Feb 05Fortuna Silver Mines: Solid Gold Production In 2022
Jan 23Fortuna Silver Mines amends revolving credit facility
Dec 15Fortuna Silver Mines Non-GAAP EPS of $0.01 misses by $0.01, revenue of $166.6M beats by $8.13M
Nov 10Fortuna Silver Mines: Solid Production For Q3
Oct 07Fortuna Silver Mines: Silver Selloff Is A Drag
Aug 31Fortuna Silver Mines' West Africa COO Paul Criddle resigns
Aug 17Fortuna Silver Mines GAAP EPS of $0.01 misses by $0.05, revenue of $167.9M beats by $0.97M
Aug 11Fortuna Silver Mines: Nearing The Capitulation Phase
Jul 25Fortuna Silver Mines: Second Quarter Production On Target
Jul 12Fortuna Silver: Primed For A Major Comeback
Jun 18Fortuna Silver Mines: Softer Silver Price Will Weigh On Q2 Margins
May 23Fortuna Silver Mines: A Decent Start To FY2022
Apr 27Fortuna Silver: Production Growth Overshadowed By Cost Creep
Apr 06Financial Position Analysis
Short Term Liabilities: FSM's short term assets ($384.1M) exceed its short term liabilities ($253.8M).
Long Term Liabilities: FSM's short term assets ($384.1M) exceed its long term liabilities ($380.9M).
Debt to Equity History and Analysis
Debt Level: FSM's net debt to equity ratio (4.4%) is considered satisfactory.
Reducing Debt: FSM's debt to equity ratio has increased from 11.4% to 12% over the past 5 years.
Debt Coverage: FSM's debt is well covered by operating cash flow (199.8%).
Interest Coverage: FSM's interest payments on its debt are well covered by EBIT (16.7x coverage).