Mongolia Energy Corporation Limited

SEHK:276 Stock Report

Market Cap: HK$133.6m

Mongolia Energy Balance Sheet Health

Financial Health criteria checks 2/6

Mongolia Energy has a total shareholder equity of HK$-4.9B and total debt of HK$5.8B, which brings its debt-to-equity ratio to -118.5%. Its total assets and total liabilities are HK$2.8B and HK$7.8B respectively.

Key information

-118.5%

Debt to equity ratio

HK$5.82b

Debt

Interest coverage ration/a
CashHK$126.07m
Equity-HK$4.91b
Total liabilitiesHK$7.75b
Total assetsHK$2.84b

Recent financial health updates

No updates

Recent updates

Shareholders Will Probably Hold Off On Increasing Mongolia Energy Corporation Limited's (HKG:276) CEO Compensation For The Time Being

Dec 05
Shareholders Will Probably Hold Off On Increasing Mongolia Energy Corporation Limited's (HKG:276) CEO Compensation For The Time Being

Increases to CEO Compensation Might Be Put On Hold For Now at Mongolia Energy Corporation Limited (HKG:276)

Aug 18
Increases to CEO Compensation Might Be Put On Hold For Now at Mongolia Energy Corporation Limited (HKG:276)

We Wouldn't Rely On Mongolia Energy's (HKG:276) Statutory Earnings As A Guide

Dec 30
We Wouldn't Rely On Mongolia Energy's (HKG:276) Statutory Earnings As A Guide

Financial Position Analysis

Short Term Liabilities: 276 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: 276 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: 276 has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: 276's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable 276 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 276 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 38.1% per year.


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