Kumba Iron Ore Balance Sheet Health
Financial Health criteria checks 5/6
Kumba Iron Ore has a total shareholder equity of ZAR67.1B and total debt of ZAR1,000.0M, which brings its debt-to-equity ratio to 1.5%. Its total assets and total liabilities are ZAR93.2B and ZAR26.1B respectively. Kumba Iron Ore's EBIT is ZAR36.1B making its interest coverage ratio -105.3. It has cash and short-term investments of ZAR15.8B.
Key information
1.5%
Debt to equity ratio
R1.00b
Debt
| Interest coverage ratio | -105.3x |
| Cash | R15.85b |
| Equity | R67.11b |
| Total liabilities | R26.09b |
| Total assets | R93.21b |
Recent financial health updates
These 4 Measures Indicate That Kumba Iron Ore (JSE:KIO) Is Using Debt Safely
Sep 06
Kumba Iron Ore (JSE:KIO) Could Easily Take On More Debt
Apr 02Here's Why Kumba Iron Ore (JSE:KIO) Can Manage Its Debt Responsibly
Dec 07We Think Kumba Iron Ore (JSE:KIO) Can Stay On Top Of Its Debt
Sep 08Kumba Iron Ore (JSE:KIO) Seems To Use Debt Quite Sensibly
Apr 11Recent updates
Many Would Be Envious Of Kumba Iron Ore's (JSE:KIO) Excellent Returns On Capital
Oct 20Kumba Iron Ore Limited's (JSE:KIO) Price Is Right But Growth Is Lacking
Sep 28These 4 Measures Indicate That Kumba Iron Ore (JSE:KIO) Is Using Debt Safely
Sep 06Kumba Iron Ore (JSE:KIO) Is Investing Its Capital With Increasing Efficiency
Jun 25Kumba Iron Ore Limited's (JSE:KIO) Popularity With Investors Is Under Threat From Overpricing
Jun 04Kumba Iron Ore (JSE:KIO) Could Easily Take On More Debt
Apr 02Why We Like The Returns At Kumba Iron Ore (JSE:KIO)
Feb 19Risks To Shareholder Returns Are Elevated At These Prices For Kumba Iron Ore Limited (JSE:KIO)
Dec 28Here's Why Kumba Iron Ore (JSE:KIO) Can Manage Its Debt Responsibly
Dec 07Under The Bonnet, Kumba Iron Ore's (JSE:KIO) Returns Look Impressive
Nov 16We Think Kumba Iron Ore (JSE:KIO) Can Stay On Top Of Its Debt
Sep 08Kumba Iron Ore (JSE:KIO) Is Paying Out Less In Dividends Than Last Year
Jul 28Investors Should Be Encouraged By Kumba Iron Ore's (JSE:KIO) Returns On Capital
Jul 19Kumba Iron Ore (JSE:KIO) Seems To Use Debt Quite Sensibly
Apr 11Kumba Iron Ore (JSE:KIO) Is Very Good At Capital Allocation
Mar 24Calculating The Fair Value Of Kumba Iron Ore Limited (JSE:KIO)
Jul 29Kumba Iron Ore Limited (JSE:KIO) Shares Could Be 22% Above Their Intrinsic Value Estimate
Apr 23An Intrinsic Calculation For Kumba Iron Ore Limited (JSE:KIO) Suggests It's 39% Undervalued
Jan 19If You Like EPS Growth Then Check Out Kumba Iron Ore (JSE:KIO) Before It's Too Late
Oct 30A Look At The Fair Value Of Kumba Iron Ore Limited (JSE:KIO)
Oct 10New Forecasts: Here's What Analysts Think The Future Holds For Kumba Iron Ore Limited (JSE:KIO)
Jul 29Financial Position Analysis
Short Term Liabilities: KIO's short term assets (ZAR34.1B) exceed its short term liabilities (ZAR9.8B).
Long Term Liabilities: KIO's short term assets (ZAR34.1B) exceed its long term liabilities (ZAR16.3B).
Debt to Equity History and Analysis
Debt Level: KIO has more cash than its total debt.
Reducing Debt: KIO's debt to equity ratio has increased from 0% to 1.5% over the past 5 years.
Debt Coverage: KIO's debt is well covered by operating cash flow (3135.9%).
Interest Coverage: KIO earns more interest than it pays, so coverage of interest payments is not a concern.