Eastern Platinum Balance Sheet Health
Financial Health criteria checks 2/6
Eastern Platinum has a total shareholder equity of $80.5M and total debt of $52.3M, which brings its debt-to-equity ratio to 65%. Its total assets and total liabilities are $158.2M and $77.7M respectively. Eastern Platinum's EBIT is $10.9M making its interest coverage ratio 2.4. It has cash and short-term investments of $17.3M.
Key information
65.0%
Debt to equity ratio
US$52.35m
Debt
Interest coverage ratio | 2.4x |
Cash | US$17.32m |
Equity | US$80.51m |
Total liabilities | US$77.72m |
Total assets | US$158.23m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ELRF.F's short term assets ($53.6M) do not cover its short term liabilities ($70.7M).
Long Term Liabilities: ELRF.F's short term assets ($53.6M) exceed its long term liabilities ($7.0M).
Debt to Equity History and Analysis
Debt Level: ELRF.F's net debt to equity ratio (43.5%) is considered high.
Reducing Debt: ELRF.F's debt to equity ratio has increased from 34.8% to 65% over the past 5 years.
Debt Coverage: ELRF.F's debt is well covered by operating cash flow (25.4%).
Interest Coverage: ELRF.F's interest payments on its debt are not well covered by EBIT (2.4x coverage).