Harmony Gold Min Financials
This page shows Harmony Gold Min (HGMCF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2018 annual data. Scores normalized against common benchmarks. How we calculate these scores
Harmony Gold Min's revenue grew 11.9% year-over-year to $1.6B, a solid pace of expansion. This earns a growth score of 53/100.
Harmony Gold Min carries a low D/E ratio of 0.22, meaning only $0.22 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 98/100, indicating a strong balance sheet with room for future borrowing.
Harmony Gold Min's current ratio of 1.15 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 18/100, which could limit financial flexibility.
While Harmony Gold Min generated $303.0M in operating cash flow, capex of $355.0M consumed most of it, leaving -$52.0M in free cash flow. This results in a low score of 17/100, reflecting heavy capital investment rather than weak cash generation.
Harmony Gold Min generates a -17.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from 0.8% the prior year.
Harmony Gold Min passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Harmony Gold Min generates $-0.94 in operating cash flow ($303.0M OCF vs -$321.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
Harmony Gold Min generated $1.6B in revenue in fiscal year 2018. This represents an increase of 11.9% from the prior year.
Harmony Gold Min reported -$321.0M in net income in fiscal year 2018. This represents a decrease of 1988.2% from the prior year.
Cash & Balance Sheet
Harmony Gold Min generated -$52.0M in free cash flow in fiscal year 2018, representing cash available after capex. This represents a decrease of 766.7% from the prior year.
Harmony Gold Min held $51.0M in cash against $407.0M in long-term debt as of fiscal year 2018.
Harmony Gold Min had 500M shares outstanding in fiscal year 2018.
Margins & Returns
Harmony Gold Min's net profit margin was -20.3% in fiscal year 2018, showing the share of revenue converted to profit. This is down 21.5 percentage points from the prior year.
Harmony Gold Min's ROE was -17.5% in fiscal year 2018, measuring profit generated per dollar of shareholder equity. This is down 18.3 percentage points from the prior year.
Capital Allocation
Harmony Gold Min invested $355.0M in capex in fiscal year 2018, funding long-term assets and infrastructure. This represents an increase of 24.1% from the prior year.
HGMCF Income Statement
| Metric | Q4'18 | Q4'17 | Q4'16 |
|---|---|---|---|
| Revenue | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A |
HGMCF Balance Sheet
| Metric | Q4'18 | Q4'17 | Q4'16 |
|---|---|---|---|
| Total Assets | $2.9B-3.5% | $3.0B+17.9% | $2.5B |
| Current Assets | $303.0M-19.2% | $375.0M | N/A |
| Cash & Equivalents | $51.0M-46.3% | $95.0M+11.8% | $85.0M |
| Inventory | $127.0M+47.7% | $86.0M | N/A |
| Accounts Receivable | $83.0M+9.2% | $76.0M | N/A |
| Goodwill | $36.0M-20.0% | $45.0M | N/A |
| Total Liabilities | $1.0B+40.3% | $732.0M+21.8% | $601.0M |
| Current Liabilities | $263.0M-10.2% | $293.0M | N/A |
| Long-Term Debt | $407.0M+149.7% | $163.0M | N/A |
| Total Equity | $1.8B-17.9% | $2.2B+16.7% | $1.9B |
| Retained Earnings | -$878.0M-60.5% | -$547.0M | N/A |
HGMCF Cash Flow Statement
| Metric | Q4'18 | Q4'17 | Q4'16 |
|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A |
HGMCF Financial Ratios
| Metric | Q4'18 | Q4'17 | Q4'16 |
|---|---|---|---|
| Gross Margin | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A |
| Current Ratio | 1.15-0.1 | 1.28 | N/A |
| Debt-to-Equity | 0.22+0.1 | 0.07-0.2 | 0.31 |
| FCF Margin | N/A | N/A | N/A |
Frequently Asked Questions
What is Harmony Gold Min's annual revenue?
Harmony Gold Min (HGMCF) reported $1.6B in total revenue for fiscal year 2018. This represents a 11.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Harmony Gold Min's revenue growing?
Harmony Gold Min (HGMCF) revenue grew by 11.9% year-over-year, from $1.4B to $1.6B in fiscal year 2018.
Is Harmony Gold Min profitable?
No, Harmony Gold Min (HGMCF) reported a net income of -$321.0M in fiscal year 2018, with a net profit margin of -20.3%.
How much debt does Harmony Gold Min have?
As of fiscal year 2018, Harmony Gold Min (HGMCF) had $51.0M in cash and equivalents against $407.0M in long-term debt.
What is Harmony Gold Min's net profit margin?
Harmony Gold Min (HGMCF) had a net profit margin of -20.3% in fiscal year 2018, representing the share of revenue converted into profit after all expenses.
What is Harmony Gold Min's return on equity (ROE)?
Harmony Gold Min (HGMCF) has a return on equity of -17.5% for fiscal year 2018, measuring how efficiently the company generates profit from shareholder equity.
What is Harmony Gold Min's free cash flow?
Harmony Gold Min (HGMCF) generated -$52.0M in free cash flow during fiscal year 2018. This represents a -766.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Harmony Gold Min's operating cash flow?
Harmony Gold Min (HGMCF) generated $303.0M in operating cash flow during fiscal year 2018, representing cash generated from core business activities.
What are Harmony Gold Min's total assets?
Harmony Gold Min (HGMCF) had $2.9B in total assets as of fiscal year 2018, including both current and long-term assets.
What are Harmony Gold Min's capital expenditures?
Harmony Gold Min (HGMCF) invested $355.0M in capital expenditures during fiscal year 2018, funding long-term assets and infrastructure.
What is Harmony Gold Min's current ratio?
Harmony Gold Min (HGMCF) had a current ratio of 1.15 as of fiscal year 2018, which is considered adequate.
What is Harmony Gold Min's debt-to-equity ratio?
Harmony Gold Min (HGMCF) had a debt-to-equity ratio of 0.22 as of fiscal year 2018, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Harmony Gold Min's return on assets (ROA)?
Harmony Gold Min (HGMCF) had a return on assets of -11.2% for fiscal year 2018, measuring how efficiently the company uses its assets to generate profit.
What is Harmony Gold Min's Piotroski F-Score?
Harmony Gold Min (HGMCF) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Harmony Gold Min's earnings high quality?
Harmony Gold Min (HGMCF) has an earnings quality ratio of -0.94x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Harmony Gold Min?
Harmony Gold Min (HGMCF) scores 37 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.