Kinross Gold Balance Sheet Health
Financial Health criteria checks 5/6
Kinross Gold has a total shareholder equity of $6.8B and total debt of $1.7B, which brings its debt-to-equity ratio to 24.8%. Its total assets and total liabilities are $10.8B and $4.0B respectively. Kinross Gold's EBIT is $1.1B making its interest coverage ratio 38.4. It has cash and short-term investments of $488.9M.
Key information
24.8%
Debt to equity ratio
US$1.68b
Debt
| Interest coverage ratio | 38.4x |
| Cash | US$488.90m |
| Equity | US$6.79b |
| Total liabilities | US$3.97b |
| Total assets | US$10.76b |
Recent financial health updates
No updates
Recent updates
Kinross Gold: Positioned To Shine Amid A Bullish Gold Market
Dec 14Kinross Gold: Limited Margin Of Safety At Current Levels
Sep 16Kinross Gold: Stock Re-Rating Depends On Inorganic Growth Strategy
Aug 30Kinross Gold: A Strong Q1, But No Longer Cheap
May 08Kinross Gold: Best Leverage To Gold Among Seniors
Feb 21Kinross Gold Is Outperforming: But Is The Stock A Buy?
Dec 14Kinross Gold declares $0.03 dividend
Feb 15Kinross Gold announces ownership of shares of Allegiant Gold
Jan 17Kinross Gold receives TSX approval to increase normal course issuer bid
Sep 30Financial Position Analysis
Short Term Liabilities: KGC's short term assets ($2.0B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: KGC's short term assets ($2.0B) do not cover its long term liabilities ($2.7B).
Debt to Equity History and Analysis
Debt Level: KGC's net debt to equity ratio (17.6%) is considered satisfactory.
Reducing Debt: KGC's debt to equity ratio has reduced from 38.4% to 24.8% over the past 5 years.
Debt Coverage: KGC's debt is well covered by operating cash flow (126%).
Interest Coverage: KGC's interest payments on its debt are well covered by EBIT (38.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 10:40 |
| End of Day Share Price | 2025/01/02 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Kinross Gold Corporation is covered by 43 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Harriet Li | Accountability Research Corporation |
| Ishan Majumdar | Baptista Research |
| Farooq Hamed | Barclays |