Metals Exploration Balance Sheet Health
Financial Health criteria checks 3/6
Metals Exploration has a total shareholder equity of $54.2M and total debt of $49.3M, which brings its debt-to-equity ratio to 90.9%. Its total assets and total liabilities are $125.2M and $71.0M respectively. Metals Exploration's EBIT is $45.5M making its interest coverage ratio 5. It has cash and short-term investments of $490.2K.
Key information
90.9%
Debt to equity ratio
US$49.30m
Debt
Interest coverage ratio | 5x |
Cash | US$490.21k |
Equity | US$54.23m |
Total liabilities | US$70.96m |
Total assets | US$125.19m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MJ4's short term assets ($27.6M) do not cover its short term liabilities ($62.9M).
Long Term Liabilities: MJ4's short term assets ($27.6M) exceed its long term liabilities ($8.1M).
Debt to Equity History and Analysis
Debt Level: MJ4's net debt to equity ratio (90%) is considered high.
Reducing Debt: MJ4's debt to equity ratio has increased from 79.3% to 90.9% over the past 5 years.
Debt Coverage: MJ4's debt is well covered by operating cash flow (123.7%).
Interest Coverage: MJ4's interest payments on its debt are well covered by EBIT (5x coverage).