Metis Energy Balance Sheet Health

Financial Health criteria checks 3/6

Metis Energy has a total shareholder equity of SGD87.7M and total debt of SGD15.8M, which brings its debt-to-equity ratio to 18%. Its total assets and total liabilities are SGD167.1M and SGD79.3M respectively.

Key information

18.0%

Debt to equity ratio

S$15.78m

Debt

Interest coverage ration/a
CashS$39.30m
EquityS$87.71m
Total liabilitiesS$79.35m
Total assetsS$167.05m

Recent financial health updates

Recent updates

Metis Energy (SGX:L02) Has Debt But No Earnings; Should You Worry?

Apr 23
Metis Energy (SGX:L02) Has Debt But No Earnings; Should You Worry?

Why We're Not Concerned Yet About Metis Energy Limited's (SGX:L02) 27% Share Price Plunge

Nov 22
Why We're Not Concerned Yet About Metis Energy Limited's (SGX:L02) 27% Share Price Plunge

Health Check: How Prudently Does Metis Energy (SGX:L02) Use Debt?

Aug 15
Health Check: How Prudently Does Metis Energy (SGX:L02) Use Debt?

Is Metis Energy (SGX:L02) A Risky Investment?

Apr 23
Is Metis Energy (SGX:L02) A Risky Investment?

Manhattan Resources' (SGX:L02) Robust Earnings Are Not All Good News For Shareholders

Mar 07
Manhattan Resources' (SGX:L02) Robust Earnings Are Not All Good News For Shareholders

The Manhattan Resources (SGX:L02) Share Price Is Up 65% And Shareholders Are Holding On

Feb 24
The Manhattan Resources (SGX:L02) Share Price Is Up 65% And Shareholders Are Holding On

Here's Why We're Not Too Worried About Manhattan Resources' (SGX:L02) Cash Burn Situation

Dec 28
Here's Why We're Not Too Worried About Manhattan Resources' (SGX:L02) Cash Burn Situation

Financial Position Analysis

Short Term Liabilities: L02's short term assets (SGD55.4M) exceed its short term liabilities (SGD6.2M).

Long Term Liabilities: L02's short term assets (SGD55.4M) do not cover its long term liabilities (SGD73.2M).


Debt to Equity History and Analysis

Debt Level: L02 has more cash than its total debt.

Reducing Debt: L02's debt to equity ratio has increased from 0% to 18% over the past 5 years.


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: L02 has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: L02 has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 48.5% each year.


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