Melbana Energy Balance Sheet Health
Financial Health criteria checks 6/6
Melbana Energy has a total shareholder equity of A$55.9M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$96.3M and A$40.4M respectively. Melbana Energy's EBIT is A$3.5M making its interest coverage ratio -6.3. It has cash and short-term investments of A$12.3M.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | -6.3x |
| Cash | AU$12.32m |
| Equity | AU$55.93m |
| Total liabilities | AU$40.42m |
| Total assets | AU$96.35m |
Financial Position Analysis
Short Term Liabilities: MAY's short term assets (A$51.3M) exceed its short term liabilities (A$40.4M).
Long Term Liabilities: MAY has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: MAY is debt free.
Reducing Debt: MAY had no debt 5 years ago.
Debt Coverage: MAY has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MAY has no debt, therefore coverage of interest payments is not a concern.