Mandalay Resources Balance Sheet Health
Financial Health criteria checks 6/6
Mandalay Resources has a total shareholder equity of $227.5M and total debt of $6.1M, which brings its debt-to-equity ratio to 2.7%. Its total assets and total liabilities are $323.7M and $96.2M respectively. Mandalay Resources's EBIT is $70.8M making its interest coverage ratio -248.5. It has cash and short-term investments of $55.7M.
Key information
2.7%
Debt to equity ratio
US$6.05m
Debt
| Interest coverage ratio | -248.5x |
| Cash | US$55.75m |
| Equity | US$227.49m |
| Total liabilities | US$96.24m |
| Total assets | US$323.73m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MNDJ.F's short term assets ($107.5M) exceed its short term liabilities ($53.6M).
Long Term Liabilities: MNDJ.F's short term assets ($107.5M) exceed its long term liabilities ($42.6M).
Debt to Equity History and Analysis
Debt Level: MNDJ.F has more cash than its total debt.
Reducing Debt: MNDJ.F's debt to equity ratio has reduced from 56.1% to 2.7% over the past 5 years.
Debt Coverage: MNDJ.F's debt is well covered by operating cash flow (1472%).
Interest Coverage: MNDJ.F earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 07:06 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Mandalay Resources Corporation is covered by 10 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Brian Quast | BMO Capital Markets Equity Research |
| Michael Parkin | Desjardins Securities Inc. |
| Benjamin Asuncion | Haywood Securities Inc. |