Midwest Energy Emissions Balance Sheet Health
Financial Health criteria checks 5/6
Midwest Energy Emissions has a total shareholder equity of $8.3M and total debt of $3.2M, which brings its debt-to-equity ratio to 38.5%. Its total assets and total liabilities are $17.1M and $8.8M respectively.
Key information
38.5%
Debt to equity ratio
US$3.18m
Debt
Interest coverage ratio | n/a |
Cash | US$11.19m |
Equity | US$8.26m |
Total liabilities | US$8.83m |
Total assets | US$17.08m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MEEC's short term assets ($13.7M) exceed its short term liabilities ($5.4M).
Long Term Liabilities: MEEC's short term assets ($13.7M) exceed its long term liabilities ($3.4M).
Debt to Equity History and Analysis
Debt Level: MEEC has more cash than its total debt.
Reducing Debt: MEEC had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: MEEC's debt is well covered by operating cash flow (566.4%).
Interest Coverage: Insufficient data to determine if MEEC's interest payments on its debt are well covered by EBIT.