Thungela Resources Balance Sheet Health
Financial Health criteria checks 5/6
Thungela Resources has a total shareholder equity of ZAR24.6B and total debt of ZAR66.0M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are ZAR46.5B and ZAR21.9B respectively. Thungela Resources's EBIT is ZAR6.6B making its interest coverage ratio -17.9. It has cash and short-term investments of ZAR11.0B.
Key information
0.3%
Debt to equity ratio
R66.00m
Debt
| Interest coverage ratio | -17.9x |
| Cash | R10.98b |
| Equity | R24.60b |
| Total liabilities | R21.89b |
| Total assets | R46.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TGA's short term assets (ZAR19.6B) exceed its short term liabilities (ZAR8.7B).
Long Term Liabilities: TGA's short term assets (ZAR19.6B) exceed its long term liabilities (ZAR13.2B).
Debt to Equity History and Analysis
Debt Level: TGA has more cash than its total debt.
Reducing Debt: Insufficient data to determine if TGA's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: TGA's debt is well covered by operating cash flow (12883.3%).
Interest Coverage: TGA earns more interest than it pays, so coverage of interest payments is not a concern.