Merafe Resources Balance Sheet Health
Financial Health criteria checks 6/6
Merafe Resources has a total shareholder equity of ZAR5.3B and total debt of ZAR0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are ZAR6.7B and ZAR1.4B respectively. Merafe Resources's EBIT is ZAR1.9B making its interest coverage ratio 1481.4. It has cash and short-term investments of ZAR1.7B.
Key information
0%
Debt to equity ratio
R0
Debt
| Interest coverage ratio | 1481.4x |
| Cash | R1.66b |
| Equity | R5.26b |
| Total liabilities | R1.40b |
| Total assets | R6.66b |
Recent financial health updates
No updates
Recent updates
Merafe Resources Limited's (JSE:MRF) Shares Bounce 27% But Its Business Still Trails The Market
Mar 30
We Think That There Are Issues Underlying Merafe Resources' (JSE:MRF) Earnings
Aug 17Should Shareholders Reconsider Merafe Resources Limited's (JSE:MRF) CEO Compensation Package?
May 11What Type Of Returns Would Merafe Resources'(JSE:MRF) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?
Mar 03What Type Of Shareholders Make Up Merafe Resources Limited's (JSE:MRF) Share Registry?
Feb 05
Should You Buy Merafe Resources Limited (JSE:MRF) For Its Dividend?
Dec 27Read This Before Selling Merafe Resources Limited (JSE:MRF) Shares
Nov 30Financial Position Analysis
Short Term Liabilities: MRF's short term assets (ZAR5.2B) exceed its short term liabilities (ZAR983.9M).
Long Term Liabilities: MRF's short term assets (ZAR5.2B) exceed its long term liabilities (ZAR418.8M).
Debt to Equity History and Analysis
Debt Level: MRF is debt free.
Reducing Debt: MRF has no debt compared to 5 years ago when its debt to equity ratio was 0.02%.
Debt Coverage: MRF has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MRF has no debt, therefore coverage of interest payments is not a concern.