Metals Acquisition Balance Sheet Health
Financial Health criteria checks 2/6
Metals Acquisition has a total shareholder equity of $436.8M and total debt of $413.9M, which brings its debt-to-equity ratio to 94.8%. Its total assets and total liabilities are $1.3B and $891.9M respectively. Metals Acquisition's EBIT is $37.9M making its interest coverage ratio 0.7. It has cash and short-term investments of $88.7M.
Key information
94.8%
Debt to equity ratio
US$413.86m
Debt
| Interest coverage ratio | 0.7x |
| Cash | US$88.74m |
| Equity | US$436.76m |
| Total liabilities | US$891.85m |
| Total assets | US$1.33b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MTAL's short term assets ($120.9M) do not cover its short term liabilities ($143.3M).
Long Term Liabilities: MTAL's short term assets ($120.9M) do not cover its long term liabilities ($748.6M).
Debt to Equity History and Analysis
Debt Level: MTAL's net debt to equity ratio (74.4%) is considered high.
Reducing Debt: Insufficient data to determine if MTAL's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable MTAL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: MTAL is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 74.7% per year.