Merdeka Copper Gold Balance Sheet Health
Financial Health criteria checks 3/6
Merdeka Copper Gold has a total shareholder equity of $2.8B and total debt of $1.5B, which brings its debt-to-equity ratio to 52.9%. Its total assets and total liabilities are $4.9B and $2.1B respectively. Merdeka Copper Gold's EBIT is $100.4M making its interest coverage ratio 1.1. It has cash and short-term investments of $444.7M.
Key information
52.9%
Debt to equity ratio
US$1.50b
Debt
Interest coverage ratio | 1.1x |
Cash | US$444.74m |
Equity | US$2.83b |
Total liabilities | US$2.10b |
Total assets | US$4.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MDKA's short term assets ($1.2B) exceed its short term liabilities ($888.5M).
Long Term Liabilities: MDKA's short term assets ($1.2B) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: MDKA's net debt to equity ratio (37.2%) is considered satisfactory.
Reducing Debt: MDKA's debt to equity ratio has reduced from 60.1% to 52.9% over the past 5 years.
Debt Coverage: MDKA's debt is not well covered by operating cash flow (7%).
Interest Coverage: MDKA's interest payments on its debt are not well covered by EBIT (1.1x coverage).