Labrador Iron Ore Royalty Balance Sheet Health
Financial Health criteria checks 5/6
Labrador Iron Ore Royalty has a total shareholder equity of CA$659.3M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$837.0M and CA$177.7M respectively. Labrador Iron Ore Royalty's EBIT is CA$151.4M making its interest coverage ratio -133.8. It has cash and short-term investments of CA$13.2M.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | -133.8x |
Cash | CA$13.19m |
Equity | CA$659.33m |
Total liabilities | CA$177.71m |
Total assets | CA$837.04m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LIFZ.F's short term assets (CA$67.5M) exceed its short term liabilities (CA$40.3M).
Long Term Liabilities: LIFZ.F's short term assets (CA$67.5M) do not cover its long term liabilities (CA$137.4M).
Debt to Equity History and Analysis
Debt Level: LIFZ.F is debt free.
Reducing Debt: LIFZ.F has not had any debt for past 5 years.
Debt Coverage: LIFZ.F has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: LIFZ.F has no debt, therefore coverage of interest payments is not a concern.