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
Recent updates
Financial 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.