Caledonia Mining Balance Sheet Health
Financial Health criteria checks 5/6
Caledonia Mining has a total shareholder equity of $271.9M and total debt of $25.7M, which brings its debt-to-equity ratio to 9.5%. Its total assets and total liabilities are $339.7M and $67.8M respectively. Caledonia Mining's EBIT is $46.2M making its interest coverage ratio 15.6. It has cash and short-term investments of $7.2M.
Key information
9.5%
Debt to equity ratio
US$25.75m
Debt
| Interest coverage ratio | 15.6x |
| Cash | US$7.20m |
| Equity | US$271.86m |
| Total liabilities | US$67.80m |
| Total assets | US$339.66m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CMCL's short term assets ($59.9M) exceed its short term liabilities ($41.5M).
Long Term Liabilities: CMCL's short term assets ($59.9M) exceed its long term liabilities ($26.3M).
Debt to Equity History and Analysis
Debt Level: CMCL's net debt to equity ratio (6.8%) is considered satisfactory.
Reducing Debt: CMCL's debt to equity ratio has increased from 0.3% to 9.5% over the past 5 years.
Debt Coverage: CMCL's debt is well covered by operating cash flow (124.1%).
Interest Coverage: CMCL's interest payments on its debt are well covered by EBIT (15.6x coverage).