Metals X Balance Sheet Health
Financial Health criteria checks 5/6
Metals X has a total shareholder equity of A$334.2M and total debt of A$1.3M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are A$392.9M and A$58.7M respectively. Metals X's EBIT is A$44.7M making its interest coverage ratio -7. It has cash and short-term investments of A$143.0M.
Key information
0.4%
Debt to equity ratio
AU$1.27m
Debt
Interest coverage ratio | -7x |
Cash | AU$143.04m |
Equity | AU$334.23m |
Total liabilities | AU$58.70m |
Total assets | AU$392.94m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MLXE.F's short term assets (A$193.6M) exceed its short term liabilities (A$26.8M).
Long Term Liabilities: MLXE.F's short term assets (A$193.6M) exceed its long term liabilities (A$31.9M).
Debt to Equity History and Analysis
Debt Level: MLXE.F has more cash than its total debt.
Reducing Debt: MLXE.F's debt to equity ratio has increased from 0% to 0.4% over the past 5 years.
Debt Coverage: MLXE.F's debt is well covered by operating cash flow (5127.3%).
Interest Coverage: MLXE.F earns more interest than it pays, so coverage of interest payments is not a concern.