Harmony Gold Mining Balance Sheet Health
Financial Health criteria checks 5/6
Harmony Gold Mining has a total shareholder equity of ZAR40.0B and total debt of ZAR3.4B, which brings its debt-to-equity ratio to 8.4%. Its total assets and total liabilities are ZAR59.8B and ZAR19.8B respectively. Harmony Gold Mining's EBIT is ZAR12.2B making its interest coverage ratio -39.8. It has cash and short-term investments of ZAR3.4B.
Key information
8.4%
Debt to equity ratio
R3.36b
Debt
Interest coverage ratio | -39.8x |
Cash | R3.44b |
Equity | R39.98b |
Total liabilities | R19.81b |
Total assets | R59.79b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: HAR's short term assets (ZAR10.2B) exceed its short term liabilities (ZAR6.3B).
Long Term Liabilities: HAR's short term assets (ZAR10.2B) do not cover its long term liabilities (ZAR13.5B).
Debt to Equity History and Analysis
Debt Level: HAR has more cash than its total debt.
Reducing Debt: HAR's debt to equity ratio has reduced from 23.2% to 8.4% over the past 5 years.
Debt Coverage: HAR's debt is well covered by operating cash flow (412.8%).
Interest Coverage: HAR earns more interest than it pays, so coverage of interest payments is not a concern.