Kinross Gold Balance Sheet Health
Financial Health criteria checks 5/6
Kinross Gold has a total shareholder equity of $6.2B and total debt of $2.2B, which brings its debt-to-equity ratio to 36.1%. Its total assets and total liabilities are $10.5B and $4.4B respectively. Kinross Gold's EBIT is $764.4M making its interest coverage ratio 26.8. It has cash and short-term investments of $366.9M.
Key information
36.1%
Debt to equity ratio
US$2.23b
Debt
| Interest coverage ratio | 26.8x |
| Cash | US$366.90m |
| Equity | US$6.19b |
| Total liabilities | US$4.36b |
| Total assets | US$10.54b |
Recent financial health updates
No updates
Recent updates
Kinross 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 30Kinross Gold renews NCIB to buy back up to 65M shares
Jul 28Kinross Gold: The Capitulation Phase
Jun 29Kinross Gold: Dasvidaniya Russia
Jun 21Kinross Gold: Too Cheap To Ignore
May 11Kinross Gold: Dampened Growth Outlook Followed Recent Divestments
Apr 11Kinross Gold: Complete 2021 Results Analysis
Feb 21Financial Position Analysis
Short Term Liabilities: KGC's short term assets ($1.8B) exceed its short term liabilities ($685.5M).
Long Term Liabilities: KGC's short term assets ($1.8B) do not cover its long term liabilities ($3.7B).
Debt to Equity History and Analysis
Debt Level: KGC's net debt to equity ratio (30.2%) is considered satisfactory.
Reducing Debt: KGC's debt to equity ratio has reduced from 38.3% to 36.1% over the past 5 years.
Debt Coverage: KGC's debt is well covered by operating cash flow (71.9%).
Interest Coverage: KGC's interest payments on its debt are well covered by EBIT (26.8x coverage).