MNC Energy Investments Balance Sheet Health
Financial Health criteria checks 1/6
MNC Energy Investments has a total shareholder equity of $103.1M and total debt of $74.6M, which brings its debt-to-equity ratio to 72.3%. Its total assets and total liabilities are $245.4M and $142.3M respectively. MNC Energy Investments's EBIT is $34.1M making its interest coverage ratio 11.7. It has cash and short-term investments of $932.8K.
Key information
72.3%
Debt to equity ratio
US$74.56m
Debt
| Interest coverage ratio | 11.7x |
| Cash | US$932.80k |
| Equity | US$103.14m |
| Total liabilities | US$142.31m |
| Total assets | US$245.45m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IATA's short term assets ($33.4M) do not cover its short term liabilities ($86.5M).
Long Term Liabilities: IATA's short term assets ($33.4M) do not cover its long term liabilities ($55.8M).
Debt to Equity History and Analysis
Debt Level: IATA's net debt to equity ratio (71.4%) is considered high.
Reducing Debt: IATA's debt to equity ratio has increased from 29.7% to 72.3% over the past 5 years.
Debt Coverage: IATA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: IATA's interest payments on its debt are well covered by EBIT (11.7x coverage).