Ramaco Resources Balance Sheet Health
Financial Health criteria checks 4/6
Ramaco Resources has a total shareholder equity of $361.8M and total debt of $77.2M, which brings its debt-to-equity ratio to 21.3%. Its total assets and total liabilities are $645.4M and $283.6M respectively. Ramaco Resources's EBIT is $44.4M making its interest coverage ratio 7.2. It has cash and short-term investments of $22.9M.
Key information
21.3%
Debt to equity ratio
US$77.17m
Debt
| Interest coverage ratio | 7.2x |
| Cash | US$22.86m |
| Equity | US$361.82m |
| Total liabilities | US$283.57m |
| Total assets | US$645.40m |
Recent financial health updates
These 4 Measures Indicate That Ramaco Resources (NASDAQ:METC) Is Using Debt Extensively
May 12
Ramaco Resources (NASDAQ:METC) Seems To Use Debt Quite Sensibly
Nov 10Recent updates
Ramaco's Latest Announcement Makes It Worse For Me, Not Better
Dec 06Ramaco Resources (NASDAQ:METC) Is Due To Pay A Dividend Of $0.1375
Nov 23Even With A 27% Surge, Cautious Investors Are Not Rewarding Ramaco Resources, Inc.'s (NASDAQ:METC) Performance Completely
Nov 22Earnings Troubles May Signal Larger Issues for Ramaco Resources (NASDAQ:METC) Shareholders
Nov 15Investors Give Ramaco Resources, Inc. (NASDAQ:METC) Shares A 28% Hiding
Sep 07Ramaco Resources (NASDAQ:METC) Will Want To Turn Around Its Return Trends
Sep 04Ramaco Resources: Headwinds In Metallurgical Coal Prices Likely To Persist
Aug 14Ramaco Resources, Inc.'s (NASDAQ:METC) Price Is Right But Growth Is Lacking After Shares Rocket 26%
Jul 18Calculating The Fair Value Of Ramaco Resources, Inc. (NASDAQ:METC)
Jul 02These 4 Measures Indicate That Ramaco Resources (NASDAQ:METC) Is Using Debt Extensively
May 12Little Excitement Around Ramaco Resources, Inc.'s (NASDAQ:METC) Earnings
Apr 25Investors Will Want Ramaco Resources' (NASDAQ:METC) Growth In ROCE To Persist
Apr 08Ramaco Resources: The Latest Report Still Does Not Impress
Mar 25Ramaco Resources' (NASDAQ:METC) Weak Earnings May Only Reveal A Part Of The Whole Picture
Mar 14Ramaco: A Coal Mining Company That Happens To Have Significant Magnetic Rare Earth Deposits
Jan 24Ramaco Resources (NASDAQ:METC) Has Announced That It Will Be Increasing Its Dividend To $0.1375
Jan 23Cautious Investors Not Rewarding Ramaco Resources, Inc.'s (NASDAQ:METC) Performance Completely
Jan 17Returns On Capital At Ramaco Resources (NASDAQ:METC) Have Hit The Brakes
Dec 28Ramaco Resources' (NASDAQ:METC) Upcoming Dividend Will Be Larger Than Last Year's
Dec 13Ramaco Resources (NASDAQ:METC) Seems To Use Debt Quite Sensibly
Nov 10Ramaco Resources (NASDAQ:METC) Is Increasing Its Dividend To $0.125
Oct 20Estimating The Intrinsic Value Of Ramaco Resources, Inc. (NASDAQ:METC)
Sep 15Financial Position Analysis
Short Term Liabilities: METC's short term assets ($146.7M) exceed its short term liabilities ($108.8M).
Long Term Liabilities: METC's short term assets ($146.7M) do not cover its long term liabilities ($174.8M).
Debt to Equity History and Analysis
Debt Level: METC's net debt to equity ratio (15%) is considered satisfactory.
Reducing Debt: METC's debt to equity ratio has increased from 10% to 21.3% over the past 5 years.
Debt Coverage: METC's debt is well covered by operating cash flow (179.5%).
Interest Coverage: METC's interest payments on its debt are well covered by EBIT (7.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 16:25 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Ramaco Resources, Inc. is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mark Levin | Benchmark Company |
| Nathan Martin | Benchmark Company |
| David Gagliano | BMO Capital Markets Equity Research |