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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 04:07 |
| End of Day Share Price | 2024/12/20 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
Torex Gold Resources Inc. is covered by 26 analysts. 6 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 |
| Kevin O'Halloran | BMO Capital Markets Equity Research |
| Colin Hamilton | BMO Capital Markets Equity Research |