Mandalay Resources Balance Sheet Health
Financial Health criteria checks 6/6
Mandalay Resources has a total shareholder equity of $196.9M and total debt of $21.0M, which brings its debt-to-equity ratio to 10.7%. Its total assets and total liabilities are $295.2M and $98.3M respectively. Mandalay Resources's EBIT is $24.8M making its interest coverage ratio 65.3. It has cash and short-term investments of $28.8M.
Key information
10.7%
Debt to equity ratio
US$21.05m
Debt
Interest coverage ratio | 65.3x |
Cash | US$28.78m |
Equity | US$196.93m |
Total liabilities | US$98.32m |
Total assets | US$295.25m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MNDJ.F's short term assets ($79.8M) exceed its short term liabilities ($31.9M).
Long Term Liabilities: MNDJ.F's short term assets ($79.8M) exceed its long term liabilities ($66.4M).
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 58% to 10.7% over the past 5 years.
Debt Coverage: MNDJ.F's debt is well covered by operating cash flow (205.7%).
Interest Coverage: MNDJ.F's interest payments on its debt are well covered by EBIT (65.3x coverage).