Metals X Balance Sheet Health
Financial Health criteria checks 5/6
Metals X has a total shareholder equity of A$334.2M and total debt of A$1.3M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are A$392.9M and A$58.7M respectively. Metals X's EBIT is A$44.7M making its interest coverage ratio -7. It has cash and short-term investments of A$143.0M.
Key information
0.4%
Debt to equity ratio
AU$1.27m
Debt
Interest coverage ratio | -7x |
Cash | AU$143.04m |
Equity | AU$334.23m |
Total liabilities | AU$58.70m |
Total assets | AU$392.94m |
Recent financial health updates
Metals X (ASX:MLX) Has A Pretty Healthy Balance Sheet
Oct 14Metals X (ASX:MLX) Is Carrying A Fair Bit Of Debt
Mar 27Recent updates
If EPS Growth Is Important To You, Metals X (ASX:MLX) Presents An Opportunity
Oct 06Benign Growth For Metals X Limited (ASX:MLX) Underpins Stock's 31% Plummet
May 12Metals X (ASX:MLX) Has A Pretty Healthy Balance Sheet
Oct 14We Don’t Think Metals X's (ASX:MLX) Earnings Should Make Shareholders Too Comfortable
Sep 07Metals X (ASX:MLX) Is Carrying A Fair Bit Of Debt
Mar 27When Will Metals X Limited (ASX:MLX) Turn A Profit?
Feb 28Here's What Metals X Limited's (ASX:MLX) Shareholder Ownership Structure Looks Like
Jan 22Metals X's (ASX:MLX) Shareholders Are Down 90% On Their Shares
Dec 15Financial Position Analysis
Short Term Liabilities: MLX's short term assets (A$193.6M) exceed its short term liabilities (A$26.8M).
Long Term Liabilities: MLX's short term assets (A$193.6M) exceed its long term liabilities (A$31.9M).
Debt to Equity History and Analysis
Debt Level: MLX has more cash than its total debt.
Reducing Debt: MLX's debt to equity ratio has increased from 0% to 0.4% over the past 5 years.
Debt Coverage: MLX's debt is well covered by operating cash flow (5127.3%).
Interest Coverage: MLX earns more interest than it pays, so coverage of interest payments is not a concern.