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First Quantum Minerals Balance Sheet Health
Financial Health criteria checks 4/6
Key information
65.1%
Debt to equity ratio
US$7.76b
Debt
| Interest coverage ratio | 4.3x |
| Cash | US$1.95b |
| Equity | US$11.92b |
| Total liabilities | US$13.62b |
| Total assets | US$25.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FQMZ's short term assets ($4.3B) exceed its short term liabilities ($1.8B).
Long Term Liabilities: FQMZ's short term assets ($4.3B) do not cover its long term liabilities ($11.8B).
Debt to Equity History and Analysis
Debt Level: FQMZ's net debt to equity ratio (48.8%) is considered high.
Reducing Debt: FQMZ's debt to equity ratio has reduced from 66.2% to 65.1% over the past 5 years.
Debt Coverage: FQMZ's debt is well covered by operating cash flow (36.2%).
Interest Coverage: FQMZ's interest payments on its debt are well covered by EBIT (4.3x coverage).