Mach Natural Resources Balance Sheet Health
Financial Health criteria checks 3/6
Mach Natural Resources has a total shareholder equity of $1.1B and total debt of $789.4M, which brings its debt-to-equity ratio to 70.9%. Its total assets and total liabilities are $2.2B and $1.1B respectively. Mach Natural Resources's EBIT is $323.3M making its interest coverage ratio 5.3. It has cash and short-term investments of $144.6M.
Key information
70.9%
Debt to equity ratio
US$789.41m
Debt
| Interest coverage ratio | 5.3x |
| Cash | US$144.62m |
| Equity | US$1.11b |
| Total liabilities | US$1.12b |
| Total assets | US$2.24b |
Recent financial health updates
No updates
Recent updates
Mach Natural Resources: Using Acquisitions To Boost Near-Term Free Cash Flow
Sep 12Mach Natural Resources Makes Progress With Cost Reductions
Jul 04Mach Natural Resources' (NYSE:MNR) Anemic Earnings Might Be Worse Than You Think
May 21
Mach Natural Resources: Projected To Generate A Bit Over $3 Per Unit In 2024 FCF
Apr 16Mach Natural Resources: Industry Demand Can Drive Growth
Dec 28Financial Position Analysis
Short Term Liabilities: MNR's short term assets ($335.1M) exceed its short term liabilities ($319.7M).
Long Term Liabilities: MNR's short term assets ($335.1M) do not cover its long term liabilities ($802.3M).
Debt to Equity History and Analysis
Debt Level: MNR's net debt to equity ratio (57.9%) is considered high.
Reducing Debt: Insufficient data to determine if MNR's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: MNR's debt is well covered by operating cash flow (60.5%).
Interest Coverage: MNR's interest payments on its debt are well covered by EBIT (5.3x coverage).