Ramaco Resources Balance Sheet Health
Financial Health criteria checks 4/6
Ramaco Resources has a total shareholder equity of $361.8M and total debt of $77.2M, which brings its debt-to-equity ratio to 21.3%. Its total assets and total liabilities are $645.4M and $283.6M respectively. Ramaco Resources's EBIT is $47.5M making its interest coverage ratio 7.7. It has cash and short-term investments of $22.9M.
Key information
21.3%
Debt to equity ratio
US$77.17m
Debt
| Interest coverage ratio | 7.7x |
| Cash | US$22.86m |
| Equity | US$361.82m |
| Total liabilities | US$283.57m |
| Total assets | US$645.40m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 5R02's short term assets ($146.7M) exceed its short term liabilities ($108.8M).
Long Term Liabilities: 5R02's short term assets ($146.7M) do not cover its long term liabilities ($174.8M).
Debt to Equity History and Analysis
Debt Level: 5R02's net debt to equity ratio (15%) is considered satisfactory.
Reducing Debt: 5R02's debt to equity ratio has increased from 10% to 21.3% over the past 5 years.
Debt Coverage: 5R02's debt is well covered by operating cash flow (179.5%).
Interest Coverage: 5R02's interest payments on its debt are well covered by EBIT (7.7x coverage).