Taseko Mines (TGB) Debt Metrics
Market Cap: $782.58M
Avg Volume: 7.87M
Industry: Copper
Sector: Basic Materials
How much debt does Taseko Mines have?
According to Taseko Mines's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Taseko Mines's total debt stands at $632.38M. This is broken down into:
- Long-term debt: $610.23M
- Short-term debt: $27.66M
The company's net debt, which accounts for cash and cash equivalents, is $535.90M. In terms of overall financial obligations, Taseko Mines's total liabilities amount to $1.13B.
Debt Ratios and Metrics
To better understand Taseko Mines's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 1.46 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 40.37% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 4.29 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 58.15% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 59.29% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Taseko Mines's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$632.38M
Long-term Debt
$610.23M
Short-term Debt
$27.66M
Net Debt
$535.90M
Total Liabilities
$1.13B
Interest Coverage
4.29
Debt to Equity Ratio
1.46
Debt Ratio
40.37%
Taseko Mines Historical Debt Metrics
Taseko Mines Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2023.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $632.38M | $610.23M | $27.66M | $535.90M | $1.13B | 1.46 | 40.37% | 4.29 | 58.15% | 59.29% |
| 2022 | $587.49M | $568.16M | $18.41M | $466.64M | $922.27M | 1.65 | 45.95% | 0.85 | 61.01% | 62.24% |
| 2021 | $533.10M | $513.44M | $18.30M | $296.33M | $824.68M | 1.49 | 45.06% | 3.50 | 58.34% | 59.79% |
| 2020 | $363.40M | $345.79M | $17.62M | $278.29M | $592.99M | 1.15 | 39.92% | -0.04 | 50.32% | 53.38% |
| 2019 | $373.49M | $357.02M | $16.46M | $320.29M | $582.31M | 1.24 | 42.25% | -1.82 | 52.73% | 55.32% |
| 2018 | $355.48M | $345.62M | $9.86M | $309.82M | $625.65M | 1.02 | 36.54% | 0.68 | 49.34% | 50.60% |
| 2017 | $329.22M | $317.95M | $11.27M | $248.99M | $621.63M | 0.90 | 33.30% | 3.24 | 45.29% | 47.28% |
| 2016 | $389.29M | $373.13M | $16.16M | $300.26M | $610.50M | 1.15 | 41.00% | -0.69 | 51.59% | 53.46% |
| 2015 | $365.20M | $305.40M | $59.80M | $289.18M | $619.85M | 0.99 | 36.88% | -0.57 | 43.53% | 49.65% |
| 2014 | $313.66M | $293.51M | $20.16M | $260.36M | $570.27M | 0.74 | 31.60% | -0.49 | 39.33% | 42.62% |
Related Metrics
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