Resolute Mining Balance Sheet Health
Financial Health criteria checks 6/6
Resolute Mining has a total shareholder equity of $542.2M and total debt of $71.6M, which brings its debt-to-equity ratio to 13.2%. Its total assets and total liabilities are $853.1M and $310.9M respectively. Resolute Mining's EBIT is $84.0M making its interest coverage ratio 7.5. It has cash and short-term investments of $59.8M.
Key information
13.2%
Debt to equity ratio
US$71.59m
Debt
Interest coverage ratio | 7.5x |
Cash | US$59.77m |
Equity | US$542.17m |
Total liabilities | US$310.91m |
Total assets | US$853.08m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RMGG.F's short term assets ($269.5M) exceed its short term liabilities ($215.4M).
Long Term Liabilities: RMGG.F's short term assets ($269.5M) exceed its long term liabilities ($95.5M).
Debt to Equity History and Analysis
Debt Level: RMGG.F's net debt to equity ratio (2.2%) is considered satisfactory.
Reducing Debt: RMGG.F's debt to equity ratio has reduced from 29.6% to 13.2% over the past 5 years.
Debt Coverage: RMGG.F's debt is well covered by operating cash flow (148.8%).
Interest Coverage: RMGG.F's interest payments on its debt are well covered by EBIT (7.5x coverage).