Torex Gold Resources Balance Sheet Health
Financial Health criteria checks 6/6
Torex Gold Resources has a total shareholder equity of $1.6B and total debt of $57.7M, which brings its debt-to-equity ratio to 3.7%. Its total assets and total liabilities are $2.1B and $485.5M respectively. Torex Gold Resources's EBIT is $285.9M making its interest coverage ratio -43.3. It has cash and short-term investments of $114.5M.
Key information
3.7%
Debt to equity ratio
US$57.70m
Debt
| Interest coverage ratio | -43.3x |
| Cash | US$114.50m |
| Equity | US$1.57b |
| Total liabilities | US$485.50m |
| Total assets | US$2.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TORX.F's short term assets ($344.3M) exceed its short term liabilities ($343.0M).
Long Term Liabilities: TORX.F's short term assets ($344.3M) exceed its long term liabilities ($142.5M).
Debt to Equity History and Analysis
Debt Level: TORX.F has more cash than its total debt.
Reducing Debt: TORX.F's debt to equity ratio has reduced from 30.2% to 3.7% over the past 5 years.
Debt Coverage: TORX.F's debt is well covered by operating cash flow (774.2%).
Interest Coverage: TORX.F earns more interest than it pays, so coverage of interest payments is not a concern.