Mexco Energy Balance Sheet Health
Financial Health criteria checks 6/6
Mexco Energy has a total shareholder equity of $17.5M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $19.3M and $1.8M respectively. Mexco Energy's EBIT is $1.7M making its interest coverage ratio -14. It has cash and short-term investments of $1.6M.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | -14x |
| Cash | US$1.58m |
| Equity | US$17.51m |
| Total liabilities | US$1.82m |
| Total assets | US$19.33m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: MXC's short term assets ($2.6M) exceed its short term liabilities ($593.7K).
Long Term Liabilities: MXC's short term assets ($2.6M) exceed its long term liabilities ($1.2M).
Debt to Equity History and Analysis
Debt Level: MXC is debt free.
Reducing Debt: MXC has no debt compared to 5 years ago when its debt to equity ratio was 5.8%.
Debt Coverage: MXC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MXC has no debt, therefore coverage of interest payments is not a concern.