TRX Gold Balance Sheet Health
Financial Health criteria checks 5/6
TRX Gold has a total shareholder equity of $63.9M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $88.2M and $24.3M respectively. TRX Gold's EBIT is $9.9M making its interest coverage ratio 6.3. It has cash and short-term investments of $8.0M.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | 6.3x |
Cash | US$7.96m |
Equity | US$63.92m |
Total liabilities | US$24.28m |
Total assets | US$88.20m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TRX's short term assets ($16.2M) do not cover its short term liabilities ($17.4M).
Long Term Liabilities: TRX's short term assets ($16.2M) exceed its long term liabilities ($6.9M).
Debt to Equity History and Analysis
Debt Level: TRX is debt free.
Reducing Debt: TRX has no debt compared to 5 years ago when its debt to equity ratio was 18.8%.
Debt Coverage: TRX has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TRX has no debt, therefore coverage of interest payments is not a concern.