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
Is Metals Exploration (LON:MTL) Using Too Much Debt?
Oct 07
Is Metals Exploration (LON:MTL) Using Too Much Debt?
Jun 16We Think Metals Exploration (LON:MTL) Is Taking Some Risk With Its Debt
Oct 23Recent updates
Metals Exploration plc's (LON:MTL) Share Price Boosted 39% But Its Business Prospects Need A Lift Too
Mar 21Metals Exploration plc's (LON:MTL) Price Is Right But Growth Is Lacking
Jan 20Under The Bonnet, Metals Exploration's (LON:MTL) Returns Look Impressive
Aug 31Under The Bonnet, Metals Exploration's (LON:MTL) Returns Look Impressive
May 27Returns On Capital Are A Standout For Metals Exploration (LON:MTL)
Jan 05Is Metals Exploration (LON:MTL) Using Too Much Debt?
Oct 07Is Metals Exploration (LON:MTL) Using Too Much Debt?
Jun 16Why We Like The Returns At Metals Exploration (LON:MTL)
Apr 29Why We Like The Returns At Metals Exploration (LON:MTL)
Nov 28We Think Metals Exploration (LON:MTL) Is Taking Some Risk With Its Debt
Oct 23Metals Exploration (LON:MTL) Could Become A Multi-Bagger
Jul 21A Piece Of The Puzzle Missing From Metals Exploration plc's (LON:MTL) 49% Share Price Climb
May 23We're Not So Sure You Should Rely on Metals Exploration's (LON:MTL) Statutory Earnings
Jan 25Financial Position Analysis
Short Term Liabilities: MTL's short term assets ($27.6M) do not cover its short term liabilities ($62.9M).
Long Term Liabilities: MTL's short term assets ($27.6M) exceed its long term liabilities ($8.1M).
Debt to Equity History and Analysis
Debt Level: MTL's net debt to equity ratio (90%) is considered high.
Reducing Debt: MTL's debt to equity ratio has increased from 79.3% to 90.9% over the past 5 years.
Debt Coverage: MTL's debt is well covered by operating cash flow (123.7%).
Interest Coverage: MTL's interest payments on its debt are well covered by EBIT (5x coverage).