This company listing is no longer active
This company may still be operating, however this listing is no longer active. Find out why through their latest events.
Turquoise Hill Resources Balance Sheet Health
Financial Health criteria checks 2/6
Key information
42.5%
Debt to equity ratio
US$4.13b
Debt
| Interest coverage ratio | -85883.3x |
| Cash | US$209.25m |
| Equity | US$9.71b |
| Total liabilities | US$5.06b |
| Total assets | US$14.77b |
Recent financial health updates
Recent updates
Turquoise Hill: Successful Coup For Rio Tinto
Feb 20Turquoise Hill Resources Q3 2022 Earnings Preview
Nov 11Turquoise Hill vote on sale to Rio Tinto postponed for a week
Nov 01Turquoise Hill Resources gains as holder Pentwater buys more shares amid Rio Tinto deal
Oct 26Turquoise Hill reports Q3 copper production of 36.3K tons, down 13% Y/Y; reaffirms FY22 copper production guidance
Oct 18Turquoise Hill receives interim court order for proposed arrangement with Rio Tinto
Sep 30Rio Tinto to acquire remainder of Turquoise Hill Resources
Sep 06Turquoise Hill Resources GAAP EPS of $0.41 beats by $0.09, revenue of $402M beats by $1.4M
Aug 04Turquoise Hill Resources Ltd.: Investors Upbeat Before Takeover
May 19Turquoise Hill's Copper Mine Ramping Toward Higher Cash Flow
Feb 04Turquoise Hill Resources: Wait For A Better Entry
Oct 20Turquoise Hill: A Look At Q2 2021 Results
Aug 03Turquoise Hill: Q2 Will Look Ugly
Jul 16Turquoise Hill: Thoughts On The Recent Update
Apr 21Turquoise Hill gets temporary relief in Rio Tinto arbitration
Feb 04Turquoise Hill -23% as Mongolia warns on Oyu Tolgoi project viability
Jan 11Turquoise Hill considers gold streaming, debt funding for Oyu Tolgoi mine
Dec 23Turquoise Hill - Find Another Way To Play Copper
Dec 13Turquoise Hill says Odey's letter contains funding plan misinformation
Nov 27Turquiose Hill Resources EPS beats by $0.49, misses on revenue
Nov 13Turquoise Hill launches arbitration with Rio Tinto on Oyu Tolgoi funding
Nov 05Financial Position Analysis
Short Term Liabilities: TRQ's short term assets ($538.2M) do not cover its short term liabilities ($1.3B).
Long Term Liabilities: TRQ's short term assets ($538.2M) do not cover its long term liabilities ($3.8B).
Debt to Equity History and Analysis
Debt Level: TRQ's net debt to equity ratio (40.4%) is considered high.
Reducing Debt: TRQ's debt to equity ratio has reduced from 51.9% to 42.5% over the past 5 years.
Debt Coverage: TRQ's debt is not well covered by operating cash flow (10.3%).
Interest Coverage: TRQ earns more interest than it pays, so coverage of interest payments is not a concern.