Mineral Resources Balance Sheet Health
Financial Health criteria checks 2/6
Mineral Resources has a total shareholder equity of A$3.6B and total debt of A$4.7B, which brings its debt-to-equity ratio to 132.4%. Its total assets and total liabilities are A$12.2B and A$8.6B respectively. Mineral Resources's EBIT is A$319.0M making its interest coverage ratio 1.8. It has cash and short-term investments of A$908.0M.
Key information
132.4%
Debt to equity ratio
AU$4.75b
Debt
| Interest coverage ratio | 1.8x |
| Cash | AU$908.00m |
| Equity | AU$3.58b |
| Total liabilities | AU$8.65b |
| Total assets | AU$12.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MALR.F's short term assets (A$2.6B) exceed its short term liabilities (A$2.5B).
Long Term Liabilities: MALR.F's short term assets (A$2.6B) do not cover its long term liabilities (A$6.2B).
Debt to Equity History and Analysis
Debt Level: MALR.F's net debt to equity ratio (107.1%) is considered high.
Reducing Debt: MALR.F's debt to equity ratio has increased from 71.3% to 132.4% over the past 5 years.
Debt Coverage: MALR.F's debt is well covered by operating cash flow (30.5%).
Interest Coverage: MALR.F's interest payments on its debt are not well covered by EBIT (1.8x coverage).