Kinross Gold Balance Sheet Health

Financial Health criteria checks 5/6

Kinross Gold has a total shareholder equity of $6.3B and total debt of $2.2B, which brings its debt-to-equity ratio to 35.6%. Its total assets and total liabilities are $10.6B and $4.3B respectively. Kinross Gold's EBIT is $812.6M making its interest coverage ratio 30.2. It has cash and short-term investments of $423.3M.

Key information

35.6%

Debt to equity ratio

US$2.23b

Debt

Interest coverage ratio30.2x
CashUS$423.30m
EquityUS$6.27b
Total liabilitiesUS$4.28b
Total assetsUS$10.55b

Recent financial health updates

No updates

Recent updates

Kinross Gold: A Strong Q1, But No Longer Cheap

May 08

Kinross Gold: Best Leverage To Gold Among Seniors

Feb 21

Kinross Gold Is Outperforming: But Is The Stock A Buy?

Dec 14

Kinross Gold declares $0.03 dividend

Feb 15

Kinross Gold announces ownership of shares of Allegiant Gold

Jan 17

Kinross Gold receives TSX approval to increase normal course issuer bid

Sep 30

Kinross Gold renews NCIB to buy back up to 65M shares

Jul 28

Kinross Gold: The Capitulation Phase

Jun 29

Kinross Gold: Dasvidaniya Russia

Jun 21

Kinross Gold: Too Cheap To Ignore

May 11

Kinross Gold: Dampened Growth Outlook Followed Recent Divestments

Apr 11

Financial Position Analysis

Short Term Liabilities: KGC's short term assets ($1.8B) exceed its short term liabilities ($1.6B).

Long Term Liabilities: KGC's short term assets ($1.8B) do not cover its long term liabilities ($2.7B).


Debt to Equity History and Analysis

Debt Level: KGC's net debt to equity ratio (28.9%) is considered satisfactory.

Reducing Debt: KGC's debt to equity ratio has reduced from 40.6% to 35.6% over the past 5 years.

Debt Coverage: KGC's debt is well covered by operating cash flow (77%).

Interest Coverage: KGC's interest payments on its debt are well covered by EBIT (30.2x coverage).


Balance Sheet


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