Metgasco Balance Sheet Health
Financial Health criteria checks 1/6
Metgasco has a total shareholder equity of A$11.5M and total debt of A$2.4M, which brings its debt-to-equity ratio to 20.4%. Its total assets and total liabilities are A$19.7M and A$8.1M respectively.
Key information
20.4%
Debt to equity ratio
AU$2.35m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$838.96k |
| Equity | AU$11.54m |
| Total liabilities | AU$8.13m |
| Total assets | AU$19.67m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MEL's short term assets (A$1.2M) do not cover its short term liabilities (A$1.3M).
Long Term Liabilities: MEL's short term assets (A$1.2M) do not cover its long term liabilities (A$6.8M).
Debt to Equity History and Analysis
Debt Level: MEL's net debt to equity ratio (13.1%) is considered satisfactory.
Reducing Debt: MEL's debt to equity ratio has increased from 0% to 20.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: MEL has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: MEL has less than a year of cash runway if free cash flow continues to reduce at historical rates of 10.6% each year