Karora Resources Balance Sheet Health
Financial Health criteria checks 5/6
Karora Resources has a total shareholder equity of CA$370.8M and total debt of CA$39.2M, which brings its debt-to-equity ratio to 10.6%. Its total assets and total liabilities are CA$610.5M and CA$239.7M respectively. Karora Resources's EBIT is CA$49.0M making its interest coverage ratio 8.3. It has cash and short-term investments of CA$89.6M.
Key information
10.6%
Debt to equity ratio
CA$39.22m
Debt
Interest coverage ratio | 8.3x |
Cash | CA$89.55m |
Equity | CA$370.78m |
Total liabilities | CA$239.74m |
Total assets | CA$610.52m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KRRG.F's short term assets (CA$132.1M) exceed its short term liabilities (CA$73.7M).
Long Term Liabilities: KRRG.F's short term assets (CA$132.1M) do not cover its long term liabilities (CA$166.1M).
Debt to Equity History and Analysis
Debt Level: KRRG.F has more cash than its total debt.
Reducing Debt: KRRG.F's debt to equity ratio has reduced from 18.9% to 10.6% over the past 5 years.
Debt Coverage: KRRG.F's debt is well covered by operating cash flow (393.9%).
Interest Coverage: KRRG.F's interest payments on its debt are well covered by EBIT (8.3x coverage).