Ramaco Resources Balance Sheet Health
Financial Health criteria checks 4/6
Ramaco Resources has a total shareholder equity of $337.1M and total debt of $142.4M, which brings its debt-to-equity ratio to 42.2%. Its total assets and total liabilities are $660.4M and $323.3M respectively. Ramaco Resources's EBIT is $96.7M making its interest coverage ratio 11.3. It has cash and short-term investments of $33.9M.
Key information
42.2%
Debt to equity ratio
US$142.37m
Debt
Interest coverage ratio | 11.3x |
Cash | US$33.88m |
Equity | US$337.11m |
Total liabilities | US$323.29m |
Total assets | US$660.39m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 5R02's short term assets ($177.8M) exceed its short term liabilities ($142.1M).
Long Term Liabilities: 5R02's short term assets ($177.8M) do not cover its long term liabilities ($181.2M).
Debt to Equity History and Analysis
Debt Level: 5R02's net debt to equity ratio (32.2%) is considered satisfactory.
Reducing Debt: 5R02's debt to equity ratio has increased from 11.3% to 42.2% over the past 5 years.
Debt Coverage: 5R02's debt is well covered by operating cash flow (90%).
Interest Coverage: 5R02's interest payments on its debt are well covered by EBIT (11.3x coverage).