Mineral Commodities Balance Sheet Health
Financial Health criteria checks 3/6
Mineral Commodities has a total shareholder equity of $42.9M and total debt of $5.3M, which brings its debt-to-equity ratio to 12.3%. Its total assets and total liabilities are $71.2M and $28.3M respectively.
Key information
12.3%
Debt to equity ratio
US$5.29m
Debt
| Interest coverage ratio | n/a |
| Cash | US$1.15m |
| Equity | US$42.89m |
| Total liabilities | US$28.33m |
| Total assets | US$71.22m |
Recent financial health updates
Here's Why Mineral Commodities (ASX:MRC) Can Afford Some Debt
Sep 02
Is Mineral Commodities (ASX:MRC) Using Debt Sensibly?
Apr 01Mineral Commodities (ASX:MRC) Seems To Use Debt Quite Sensibly
Jun 14We Think Mineral Commodities (ASX:MRC) Can Stay On Top Of Its Debt
Mar 14Does Mineral Commodities (ASX:MRC) Have A Healthy Balance Sheet?
Nov 30Recent updates
Here's Why Mineral Commodities (ASX:MRC) Can Afford Some Debt
Sep 02Is Mineral Commodities (ASX:MRC) Using Debt Sensibly?
Apr 01Mineral Commodities (ASX:MRC) Seems To Use Debt Quite Sensibly
Jun 14Investors Could Be Concerned With Mineral Commodities' (ASX:MRC) Returns On Capital
May 05We Think Mineral Commodities (ASX:MRC) Can Stay On Top Of Its Debt
Mar 14With EPS Growth And More, Mineral Commodities (ASX:MRC) Is Interesting
Mar 01Shareholders of Mineral Commodities (ASX:MRC) Must Be Delighted With Their 437% Total Return
Feb 08
Mineral Commodities Ltd's (ASX:MRC) Stock Is Going Strong: Have Financials A Role To Play?
Jan 24How Much Of Mineral Commodities Ltd (ASX:MRC) Do Insiders Own?
Jan 08We're Not So Sure You Should Rely on Mineral Commodities's (ASX:MRC) Statutory Earnings
Dec 24Returns On Capital At Mineral Commodities (ASX:MRC) Paint An Interesting Picture
Dec 12Does Mineral Commodities (ASX:MRC) Have A Healthy Balance Sheet?
Nov 30A Quick Analysis On Mineral Commodities' (ASX:MRC) CEO Compensation
Nov 18Returns On Capital At Mineral Commodities (ASX:MRC) Paint An Interesting Picture
Sep 09We're Not Counting On Mineral Commodities (ASX:MRC) To Sustain Its Statutory Profitability
Aug 25Market Still Lacking Some Conviction On Mineral Commodities Ltd (ASX:MRC)
Aug 09Our Take On Mineral Commodities' (ASX:MRC) CEO Salary
Aug 09Did You Participate In Any Of Mineral Commodities' (ASX:MRC) Fantastic 249% Return ?
Jul 19Mineral Commodities Ltd's (ASX:MRC) Stock Is Going Strong: Have Financials A Role To Play?
Jun 28Financial Position Analysis
Short Term Liabilities: MRC's short term assets ($33.5M) exceed its short term liabilities ($23.3M).
Long Term Liabilities: MRC's short term assets ($33.5M) exceed its long term liabilities ($5.0M).
Debt to Equity History and Analysis
Debt Level: MRC's net debt to equity ratio (9.7%) is considered satisfactory.
Reducing Debt: MRC's debt to equity ratio has increased from 5.3% to 12.3% over the past 5 years.
Debt Coverage: MRC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if MRC's interest payments on its debt are well covered by EBIT.