Merdeka Copper Gold Balance Sheet Health
Financial Health criteria checks 2/6
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 54.3%. Its total assets and total liabilities are $4.9B and $2.1B respectively. Merdeka Copper Gold's EBIT is $142.7M making its interest coverage ratio 1.5. It has cash and short-term investments of $367.9M.
Key information
54.3%
Debt to equity ratio
US$1.53b
Debt
| Interest coverage ratio | 1.5x |
| Cash | US$367.87m |
| Equity | US$2.81b |
| Total liabilities | US$2.12b |
| Total assets | US$4.93b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MDKA's short term assets ($1.1B) exceed its short term liabilities ($892.5M).
Long Term Liabilities: MDKA's short term assets ($1.1B) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: MDKA's net debt to equity ratio (41.2%) is considered high.
Reducing Debt: MDKA's debt to equity ratio has reduced from 63.7% to 54.3% over the past 5 years.
Debt Coverage: MDKA's debt is not well covered by operating cash flow (6.1%).
Interest Coverage: MDKA's interest payments on its debt are not well covered by EBIT (1.5x coverage).