Thungela Resources Limited

Johannesburg Stock Exchange TGA.JO

Thungela Resources Limited Interest Coverage Ratio for the year ending December 31, 2023: 7.10

Thungela Resources Limited Interest Coverage Ratio is 7.10 for the year ending December 31, 2023, a -78.34% change year over year. Interest coverage ratio assesses earnings' ability to cover interest expenses; higher ratios signal lower risk.

Thungela Resources Limited Interest Coverage Ratio for the year ending December 31, 2022 was 32.76, a 192.78% change year over year.
Thungela Resources Limited Interest Coverage Ratio for the year ending December 31, 2021 was 11.19, a 4,222.14% change year over year.
Thungela Resources Limited Interest Coverage Ratio for the year ending December 31, 2020 was -0.27, a 98.54% change year over year.
Thungela Resources Limited Interest Coverage Ratio for the year ending December 31, 2019 was -18.56, a -208.40% change year over year.

Key data

Date	Interest Coverage Ratio	Debt to Equity Ratio	Interest Expense To Sales	Inventory Turnover Ratio

Johannesburg Stock Exchange: TGA.JO

Thungela Resources Limited

CEO	Mr. July Ndlovu BLP, BSc (Hons), CSEP, MBL
IPO Date	June 7, 2021
Location	South Africa
Headquarters	25 Bath Avenue
Employees	6,446
Sector	Energy
Industries Coal Copper Diamonds Gold Mining

Description

Thungela Resources Limited engages in the mining and production of thermal coal in South Africa. The company owns interests in and produces its thermal coal from seven mining operations in the Mpumalanga province of South Africa, including Goedehoop colliery, Greenside colliery, Isibonelo colliery, Khwezela colliery, Zibulo colliery, Mafube colliery, and Rietvlei colliery. It also exports its products to Indian, Asian, SEA, the Middle East, and North African markets. The company was founded in 1945 and is based in Johannesburg, South Africa.

Key trends

Past 5 years