Kumba Iron Ore Balance Sheet Health
Financial Health criteria checks 5/6
Kumba Iron Ore has a total shareholder equity of ZAR68.2B and total debt of ZAR4.1B, which brings its debt-to-equity ratio to 6.1%. Its total assets and total liabilities are ZAR98.7B and ZAR30.5B respectively. Kumba Iron Ore's EBIT is ZAR40.1B making its interest coverage ratio -306.1. It has cash and short-term investments of ZAR17.7B.
Key information
6.1%
Debt to equity ratio
R4.14b
Debt
Interest coverage ratio | -306.1x |
Cash | R17.72b |
Equity | R68.22b |
Total liabilities | R30.50b |
Total assets | R98.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KIRO.Y's short term assets (ZAR39.5B) exceed its short term liabilities (ZAR14.8B).
Long Term Liabilities: KIRO.Y's short term assets (ZAR39.5B) exceed its long term liabilities (ZAR15.7B).
Debt to Equity History and Analysis
Debt Level: KIRO.Y has more cash than its total debt.
Reducing Debt: KIRO.Y's debt to equity ratio has increased from 0% to 6.1% over the past 5 years.
Debt Coverage: KIRO.Y's debt is well covered by operating cash flow (707.2%).
Interest Coverage: KIRO.Y earns more interest than it pays, so coverage of interest payments is not a concern.