Metro Mining Balance Sheet Health
Financial Health criteria checks 1/6
Metro Mining has a total shareholder equity of A$10.0M and total debt of A$79.4M, which brings its debt-to-equity ratio to 797.7%. Its total assets and total liabilities are A$169.0M and A$159.0M respectively. Metro Mining's EBIT is A$4.6M making its interest coverage ratio 0.3. It has cash and short-term investments of A$12.1M.
Key information
797.7%
Debt to equity ratio
AU$79.40m
Debt
| Interest coverage ratio | 0.3x |
| Cash | AU$12.07m |
| Equity | AU$9.95m |
| Total liabilities | AU$159.04m |
| Total assets | AU$169.00m |
Recent financial health updates
Is Metro Mining (ASX:MMI) Using Debt Sensibly?
Oct 18
Is Metro Mining (ASX:MMI) Using Too Much Debt?
Jun 16Auditors Have Doubts About Metro Mining (ASX:MMI)
Mar 01Is Metro Mining (ASX:MMI) Using Too Much Debt?
Sep 02Auditors Have Doubts About Metro Mining (ASX:MMI)
Feb 28Recent updates
Metro Mining Limited (ASX:MMI) Held Back By Insufficient Growth Even After Shares Climb 56%
Apr 03Metro Mining Limited's (ASX:MMI) Revenues Are Not Doing Enough For Some Investors
Nov 23Is Metro Mining (ASX:MMI) Using Debt Sensibly?
Oct 18Is Metro Mining (ASX:MMI) Using Too Much Debt?
Jun 16Auditors Have Doubts About Metro Mining (ASX:MMI)
Mar 01Is Metro Mining (ASX:MMI) Using Too Much Debt?
Sep 02Auditors Have Doubts About Metro Mining (ASX:MMI)
Feb 28A Look At Metro Mining's (ASX:MMI) Share Price Returns
Feb 02
Should You Review Recent Insider Transactions At Metro Mining Limited (ASX:MMI)?
Dec 29Are Metro Mining's (ASX:MMI) Statutory Earnings A Good Reflection Of Its Earnings Potential?
Dec 08How Does Metro Mining's (ASX:MMI) CEO Pay Compare With Company Performance?
Nov 17Financial Position Analysis
Short Term Liabilities: MMI's short term assets (A$35.3M) do not cover its short term liabilities (A$89.5M).
Long Term Liabilities: MMI's short term assets (A$35.3M) do not cover its long term liabilities (A$69.6M).
Debt to Equity History and Analysis
Debt Level: MMI's net debt to equity ratio (676.4%) is considered high.
Reducing Debt: MMI's debt to equity ratio has increased from 30.3% to 797.7% 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: MMI has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if MMI has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.