First Quantum Minerals Balance Sheet Health
Financial Health criteria checks 2/6
First Quantum Minerals has a total shareholder equity of $11.6B and total debt of $7.8B, which brings its debt-to-equity ratio to 67.3%. Its total assets and total liabilities are $23.9B and $12.3B respectively. First Quantum Minerals's EBIT is $652.0M making its interest coverage ratio 1.1. It has cash and short-term investments of $783.0M.
Key information
67.3%
Debt to equity ratio
US$7.84b
Debt
| Interest coverage ratio | 1.1x |
| Cash | US$783.00m |
| Equity | US$11.64b |
| Total liabilities | US$12.30b |
| Total assets | US$23.94b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FQVL.F's short term assets ($3.2B) exceed its short term liabilities ($1.8B).
Long Term Liabilities: FQVL.F's short term assets ($3.2B) do not cover its long term liabilities ($10.5B).
Debt to Equity History and Analysis
Debt Level: FQVL.F's net debt to equity ratio (60.6%) is considered high.
Reducing Debt: FQVL.F's debt to equity ratio has reduced from 90.1% to 67.3% over the past 5 years.
Debt Coverage: FQVL.F's debt is not well covered by operating cash flow (11.3%).
Interest Coverage: FQVL.F's interest payments on its debt are not well covered by EBIT (1.1x coverage).