Caledonia Mining Balance Sheet Health
Financial Health criteria checks 5/6
Caledonia Mining has a total shareholder equity of $264.2M and total debt of $24.9M, which brings its debt-to-equity ratio to 9.4%. Its total assets and total liabilities are $328.3M and $64.1M respectively. Caledonia Mining's EBIT is $21.6M making its interest coverage ratio 7.5. It has cash and short-term investments of $6.7M.
Key information
9.4%
Debt to equity ratio
US$24.85m
Debt
Interest coverage ratio | 7.5x |
Cash | US$6.71m |
Equity | US$264.19m |
Total liabilities | US$64.11m |
Total assets | US$328.30m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CMCL's short term assets ($54.2M) exceed its short term liabilities ($40.1M).
Long Term Liabilities: CMCL's short term assets ($54.2M) exceed its long term liabilities ($24.0M).
Debt to Equity History and Analysis
Debt Level: CMCL's net debt to equity ratio (6.9%) is considered satisfactory.
Reducing Debt: CMCL's debt to equity ratio has increased from 7.5% to 9.4% over the past 5 years.
Debt Coverage: CMCL's debt is well covered by operating cash flow (59.4%).
Interest Coverage: CMCL's interest payments on its debt are well covered by EBIT (7.5x coverage).