Metarock Group Balance Sheet Health

Financial Health criteria checks 1/6

Metarock Group has a total shareholder equity of A$44.5M and total debt of A$60.0M, which brings its debt-to-equity ratio to 134.8%. Its total assets and total liabilities are A$186.3M and A$141.8M respectively. Metarock Group's EBIT is A$14.0M making its interest coverage ratio 1.6. It has cash and short-term investments of A$3.3M.

Key information

134.8%

Debt to equity ratio

AU$59.99m

Debt

Interest coverage ratio	1.6x
Cash	AU$3.31m
Equity	AU$44.50m
Total liabilities	AU$141.79m
Total assets	AU$186.28m

Recent financial health updates

Here's Why Metarock Group (ASX:MYE) Is Weighed Down By Its Debt Load

Jul 01

Recent updates

Metarock Group Limited's (ASX:MYE) Price Is Right But Growth Is Lacking After Shares Rocket 30%

Mar 28

Are Strong Financial Prospects The Force That Is Driving The Momentum In Mastermyne Group Limited's ASX:MYE) Stock?

Jan 11

Mastermyne Group (ASX:MYE) Has Gifted Shareholders With A Fantastic 261% Total Return On Their Investment

Dec 24

What Do The Returns At Mastermyne Group (ASX:MYE) Mean Going Forward?

Dec 06

Here's Why Mastermyne Group's (ASX:MYE) Statutory Earnings Are Arguably Too Conservative

Nov 18

Financial Position Analysis

Short Term Liabilities: MYE's short term assets (A$111.3M) do not cover its short term liabilities (A$124.2M).

Long Term Liabilities: MYE's short term assets (A$111.3M) exceed its long term liabilities (A$17.6M).

Debt to Equity History and Analysis

Debt Level: MYE's net debt to equity ratio (127.4%) is considered high.

Reducing Debt: MYE's debt to equity ratio has increased from 2.6% to 134.8% over the past 5 years.

Debt Coverage: MYE's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: MYE's interest payments on its debt are not well covered by EBIT (1.6x coverage).

Metarock Group Balance Sheet Health

Financial Health criteria checks 1/6

Key information

Recent financial health updates

Here's Why Metarock Group (ASX:MYE) Is Weighed Down By Its Debt Load

Recent updates

Metarock Group Limited's (ASX:MYE) Price Is Right But Growth Is Lacking After Shares Rocket 30%

Thiess Pty Ltd entered into a binding share sale and purchase agreement to acquire Pybar Holdings Pty Limited from Metarock Group Limited (ASX:MYE).

Metarock Group Limited to Report First Half, 2024 Results on Feb 28, 2024

Metarock Group Limited Appoints Jeffrey Whiteman as Chief Executive Officer

Metarock Group Limited, Annual General Meeting, Nov 14, 2023

Metarock Group Limited Announces Management Changes

Full year 2023 earnings released: AU$0.49 loss per share (vs AU$0.10 loss in FY 2022)

No independent directors

Metarock Group Limited Announces CEO Changes

New major risk - Revenue and earnings growth

Metarock Group Limited has completed a Follow-on Equity Offering in the amount of AUD 25 million.

Metarock Group Limited to Report First Half, 2023 Results on Feb 28, 2023

Metarock Group Limited Announces Sojitz Gregory Crinum Mine Project Update

Consensus forecasts updated

Metarock Group Limited Announces Management Changes

Metarock Group Limited Announces Executive Changes

Metarock Group Limited, Annual General Meeting, Nov 29, 2022

Full year 2022 earnings: EPS and revenues miss analyst expectations

Metarock Group Limited Revises Earnings Guidance for the Fiscal Year 2023

Metarock Group Limited to Report Q4, 2022 Results on Aug 30, 2022

Here's Why Metarock Group (ASX:MYE) Is Weighed Down By Its Debt Load

Metarock Group Limited Announces Mastermyne Suspends Mining Operations at Moranbah North Mine

Consensus forecasts updated

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Metarock Group Limited Revises Earnings Guidance for the Fiscal Year 2022

Metarock Group Limited to Report First Half, 2022 Results on Feb 28, 2022

High number of new directors

Price target increased to AU$2.25

Mastermyne Group Limited Suspends Mining Operations At Crinum Mine

Mastermyne Group Limited (ASX:MYE) entered into an agreement to acquire Pybar Mining Services Pty Ltd from Paul Rouse, Brendan Rouse, Andrew Rouse for approximately AUD 47 million.

Investor sentiment improved over the past week

Mastermyne Group Limited Provides Earnings Guidance for the Year 2022

The Return Trends At Mastermyne Group (ASX:MYE) Look Promising

What We Make Of Mastermyne Group's (ASX:MYE) Returns On Capital

First half 2021 earnings released: EPS AU$0.018 (vs AU$0.041 in 1H 2020)

Should Mastermyne Group Limited (ASX:MYE) Be Part Of Your Dividend Portfolio?

New 90-day high: AU$0.81

How Should Investors React To Mastermyne Group's (ASX:MYE) CEO Pay?

Are Strong Financial Prospects The Force That Is Driving The Momentum In Mastermyne Group Limited's ASX:MYE) Stock?

Mastermyne Group (ASX:MYE) Has Gifted Shareholders With A Fantastic 261% Total Return On Their Investment

New 90-day low: AU$0.68

What Do The Returns At Mastermyne Group (ASX:MYE) Mean Going Forward?

Here's Why Mastermyne Group's (ASX:MYE) Statutory Earnings Are Arguably Too Conservative

New 90-day low: AU$0.73

Analysts lower EPS estimates to AU$0.096

New 90-day high - AU$0.93

Earnings released

New 90-day high - AU$0.73

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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