Ramaco Resources Balance Sheet Health
Financial Health criteria checks 5/6
Ramaco Resources has a total shareholder equity of $372.3M and total debt of $86.4M, which brings its debt-to-equity ratio to 23.2%. Its total assets and total liabilities are $674.0M and $301.7M respectively. Ramaco Resources's EBIT is $66.7M making its interest coverage ratio 8.4. It has cash and short-term investments of $30.5M.
Key information
23.2%
Debt to equity ratio
US$86.38m
Debt
Interest coverage ratio | 8.4x |
Cash | US$30.50m |
Equity | US$372.27m |
Total liabilities | US$301.74m |
Total assets | US$674.01m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: METC.B's short term assets ($182.6M) exceed its short term liabilities ($148.5M).
Long Term Liabilities: METC.B's short term assets ($182.6M) exceed its long term liabilities ($153.3M).
Debt to Equity History and Analysis
Debt Level: METC.B's net debt to equity ratio (15%) is considered satisfactory.
Reducing Debt: METC.B's debt to equity ratio has increased from 12.6% to 23.2% over the past 5 years.
Debt Coverage: METC.B's debt is well covered by operating cash flow (190.9%).
Interest Coverage: METC.B's interest payments on its debt are well covered by EBIT (8.4x coverage).