Metals Exploration Balance Sheet Health
Financial Health criteria checks 4/6
Metals Exploration has a total shareholder equity of $133.9M and total debt of $23.9M, which brings its debt-to-equity ratio to 17.8%. Its total assets and total liabilities are $181.5M and $47.5M respectively. Metals Exploration's EBIT is $29.1M making its interest coverage ratio 2.7. It has cash and short-term investments of $340.0K.
Key information
17.8%
Debt to equity ratio
US$23.90m
Debt
| Interest coverage ratio | 2.7x |
| Cash | US$340.00k |
| Equity | US$133.93m |
| Total liabilities | US$47.55m |
| Total assets | US$181.48m |
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) Low P/S No Reason For Excitement
Aug 02Metals 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 ($24.0M) do not cover its short term liabilities ($40.3M).
Long Term Liabilities: MTL's short term assets ($24.0M) exceed its long term liabilities ($7.2M).
Debt to Equity History and Analysis
Debt Level: MTL's net debt to equity ratio (17.6%) is considered satisfactory.
Reducing Debt: MTL had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: MTL's debt is well covered by operating cash flow (312%).
Interest Coverage: MTL's interest payments on its debt are not well covered by EBIT (2.7x coverage).