Champion Iron Ltd: Financial Growth Amidst Rising Liabilities

Champion Iron Ltd. (AU:CIA) has released an update.

Champion Iron Limited’s financial statements for the quarter ending June 30, 2024, reveal an increase in total assets to CA$2.77 billion, up from CA$2.69 billion in the prior quarter. The company’s cash and cash equivalents have decreased from CA$400 million to CA$259 million, but overall shareholders’ equity has grown to CA$1.43 billion. Liabilities have also risen to CA$1.35 billion, with long-term debt accounting for a significant portion.

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