Lundin Mining Balance Sheet Health
Financial Health criteria checks 4/6
Lundin Mining has a total shareholder equity of $6.4B and total debt of $1.6B, which brings its debt-to-equity ratio to 25%. Its total assets and total liabilities are $10.9B and $4.5B respectively. Lundin Mining's EBIT is $473.3M making its interest coverage ratio 4.7. It has cash and short-term investments of $365.5M.
Key information
25.0%
Debt to equity ratio
US$1.60b
Debt
Interest coverage ratio | 4.7x |
Cash | US$365.45m |
Equity | US$6.39b |
Total liabilities | US$4.52b |
Total assets | US$10.91b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LUNM.F's short term assets ($1.8B) exceed its short term liabilities ($1.2B).
Long Term Liabilities: LUNM.F's short term assets ($1.8B) do not cover its long term liabilities ($3.4B).
Debt to Equity History and Analysis
Debt Level: LUNM.F's net debt to equity ratio (19.3%) is considered satisfactory.
Reducing Debt: LUNM.F's debt to equity ratio has increased from 0.8% to 25% over the past 5 years.
Debt Coverage: LUNM.F's debt is well covered by operating cash flow (67%).
Interest Coverage: LUNM.F's interest payments on its debt are well covered by EBIT (4.7x coverage).