Kumba Iron Ore Balance Sheet Health
Financial Health criteria checks 5/6
Kumba Iron Ore has a total shareholder equity of ZAR67.1B and total debt of ZAR1,000.0M, which brings its debt-to-equity ratio to 1.5%. Its total assets and total liabilities are ZAR93.2B and ZAR26.1B respectively. Kumba Iron Ore's EBIT is ZAR36.1B making its interest coverage ratio -105.3. It has cash and short-term investments of ZAR15.8B.
Key information
1.5%
Debt to equity ratio
R1.00b
Debt
| Interest coverage ratio | -105.3x |
| Cash | R15.85b |
| Equity | R67.11b |
| Total liabilities | R26.09b |
| Total assets | R93.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KUMB.F's short term assets (ZAR34.1B) exceed its short term liabilities (ZAR9.8B).
Long Term Liabilities: KUMB.F's short term assets (ZAR34.1B) exceed its long term liabilities (ZAR16.3B).
Debt to Equity History and Analysis
Debt Level: KUMB.F has more cash than its total debt.
Reducing Debt: KUMB.F's debt to equity ratio has increased from 0% to 1.5% over the past 5 years.
Debt Coverage: KUMB.F's debt is well covered by operating cash flow (3135.9%).
Interest Coverage: KUMB.F earns more interest than it pays, so coverage of interest payments is not a concern.