Matador Resources Balance Sheet Health
Financial Health criteria checks 3/6
Matador Resources has a total shareholder equity of $5.1B and total debt of $3.6B, which brings its debt-to-equity ratio to 70.6%. Its total assets and total liabilities are $10.6B and $5.5B respectively. Matador Resources's EBIT is $1.4B making its interest coverage ratio 9.8. It has cash and short-term investments of $23.3M.
Key information
70.6%
Debt to equity ratio
US$3.60b
Debt
| Interest coverage ratio | 9.8x |
| Cash | US$23.28m |
| Equity | US$5.10b |
| Total liabilities | US$5.53b |
| Total assets | US$10.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 7MR's short term assets ($847.2M) do not cover its short term liabilities ($966.0M).
Long Term Liabilities: 7MR's short term assets ($847.2M) do not cover its long term liabilities ($4.6B).
Debt to Equity History and Analysis
Debt Level: 7MR's net debt to equity ratio (70.1%) is considered high.
Reducing Debt: 7MR's debt to equity ratio has reduced from 79.2% to 70.6% over the past 5 years.
Debt Coverage: 7MR's debt is well covered by operating cash flow (63.7%).
Interest Coverage: 7MR's interest payments on its debt are well covered by EBIT (9.8x coverage).