Pilbara Minerals Balance Sheet Health
Financial Health criteria checks 6/6
Pilbara Minerals has a total shareholder equity of A$3.2B and total debt of A$452.5M, which brings its debt-to-equity ratio to 14.1%. Its total assets and total liabilities are A$4.4B and A$1.2B respectively. Pilbara Minerals's EBIT is A$1.8B making its interest coverage ratio -20.5. It has cash and short-term investments of A$2.1B.
Key information
14.1%
Debt to equity ratio
AU$452.52m
Debt
Interest coverage ratio | -20.5x |
Cash | AU$2.14b |
Equity | AU$3.21b |
Total liabilities | AU$1.19b |
Total assets | AU$4.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PILB.F's short term assets (A$2.4B) exceed its short term liabilities (A$552.3M).
Long Term Liabilities: PILB.F's short term assets (A$2.4B) exceed its long term liabilities (A$639.8M).
Debt to Equity History and Analysis
Debt Level: PILB.F has more cash than its total debt.
Reducing Debt: PILB.F's debt to equity ratio has reduced from 41.3% to 14.1% over the past 5 years.
Debt Coverage: PILB.F's debt is well covered by operating cash flow (294.6%).
Interest Coverage: PILB.F earns more interest than it pays, so coverage of interest payments is not a concern.