Macarthur Minerals Balance Sheet Health
Financial Health criteria checks 3/6
Macarthur Minerals has a total shareholder equity of A$77.8M and total debt of A$1,000.0K, which brings its debt-to-equity ratio to 1.3%. Its total assets and total liabilities are A$79.3M and A$1.4M respectively. Macarthur Minerals's EBIT is A$2.9M making its interest coverage ratio 127.8. It has cash and short-term investments of A$410.9K.
Key information
1.3%
Debt to equity ratio
AU$1.00m
Debt
Interest coverage ratio | 127.8x |
Cash | AU$410.86k |
Equity | AU$77.85m |
Total liabilities | AU$1.40m |
Total assets | AU$79.25m |
Recent financial health updates
Will Macarthur Minerals (CVE:MMS) Spend Its Cash Wisely?
May 17We're Hopeful That Macarthur Minerals (CVE:MMS) Will Use Its Cash Wisely
Feb 01We're Not Very Worried About Macarthur Minerals' (CVE:MMS) Cash Burn Rate
Sep 29We're Hopeful That Macarthur Minerals (CVE:MMS) Will Use Its Cash Wisely
Jun 14We're Not Very Worried About Macarthur Minerals' (CVE:MMS) Cash Burn Rate
Mar 01Recent updates
Will Macarthur Minerals (CVE:MMS) Spend Its Cash Wisely?
May 17We're Hopeful That Macarthur Minerals (CVE:MMS) Will Use Its Cash Wisely
Feb 01We're Not Very Worried About Macarthur Minerals' (CVE:MMS) Cash Burn Rate
Sep 29We're Hopeful That Macarthur Minerals (CVE:MMS) Will Use Its Cash Wisely
Jun 14We're Not Very Worried About Macarthur Minerals' (CVE:MMS) Cash Burn Rate
Mar 01Financial Position Analysis
Short Term Liabilities: MMS's short term assets (A$587.0K) do not cover its short term liabilities (A$1.4M).
Long Term Liabilities: MMS's short term assets (A$587.0K) exceed its long term liabilities (A$41.0K).
Debt to Equity History and Analysis
Debt Level: MMS's net debt to equity ratio (0.8%) is considered satisfactory.
Reducing Debt: MMS's debt to equity ratio has increased from 0% to 1.3% over the past 5 years.
Debt Coverage: MMS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MMS's interest payments on its debt are well covered by EBIT (127.8x coverage).