Mach Natural Resources Balance Sheet Health
Financial Health criteria checks 3/6
Mach Natural Resources has a total shareholder equity of $1.2B and total debt of $807.0M, which brings its debt-to-equity ratio to 67.7%. Its total assets and total liabilities are $2.3B and $1.1B respectively. Mach Natural Resources's EBIT is $359.1M making its interest coverage ratio 32.1. It has cash and short-term investments of $152.8M.
Key information
67.7%
Debt to equity ratio
US$807.02m
Debt
Interest coverage ratio | 32.1x |
Cash | US$152.79m |
Equity | US$1.19b |
Total liabilities | US$1.11b |
Total assets | US$2.30b |
Financial Position Analysis
Short Term Liabilities: MNR's short term assets ($343.6M) exceed its short term liabilities ($274.9M).
Long Term Liabilities: MNR's short term assets ($343.6M) do not cover its long term liabilities ($837.9M).
Debt to Equity History and Analysis
Debt Level: MNR's net debt to equity ratio (54.9%) 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 (60.9%).
Interest Coverage: MNR's interest payments on its debt are well covered by EBIT (32.1x coverage).