Matsa Resources Balance Sheet Health
Financial Health criteria checks 3/6
Matsa Resources has a total shareholder equity of A$13.7M and total debt of A$4.6M, which brings its debt-to-equity ratio to 33.4%. Its total assets and total liabilities are A$23.2M and A$9.5M respectively. Matsa Resources's EBIT is A$618.5K making its interest coverage ratio 1.2. It has cash and short-term investments of A$794.3K.
Key information
33.4%
Debt to equity ratio
AU$4.58m
Debt
| Interest coverage ratio | 1.2x |
| Cash | AU$794.30k |
| Equity | AU$13.72m |
| Total liabilities | AU$9.51m |
| Total assets | AU$23.23m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MATR.F's short term assets (A$7.7M) exceed its short term liabilities (A$5.1M).
Long Term Liabilities: MATR.F's short term assets (A$7.7M) exceed its long term liabilities (A$4.4M).
Debt to Equity History and Analysis
Debt Level: MATR.F's net debt to equity ratio (27.6%) is considered satisfactory.
Reducing Debt: MATR.F's debt to equity ratio has increased from 17% to 33.4% over the past 5 years.
Debt Coverage: MATR.F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MATR.F's interest payments on its debt are not well covered by EBIT (1.2x coverage).