Montauk Renewables Balance Sheet Health
Financial Health criteria checks 6/6
Montauk Renewables has a total shareholder equity of $250.2M and total debt of $63.5M, which brings its debt-to-equity ratio to 25.4%. Its total assets and total liabilities are $350.2M and $100.0M respectively. Montauk Renewables's EBIT is $24.7M making its interest coverage ratio 4.3. It has cash and short-term investments of $74.6M.
Key information
25.4%
Debt to equity ratio
US$63.50m
Debt
Interest coverage ratio | 4.3x |
Cash | US$74.60m |
Equity | US$250.24m |
Total liabilities | US$100.00m |
Total assets | US$350.24m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MKR's short term assets ($90.2M) exceed its short term liabilities ($29.4M).
Long Term Liabilities: MKR's short term assets ($90.2M) exceed its long term liabilities ($70.6M).
Debt to Equity History and Analysis
Debt Level: MKR has more cash than its total debt.
Reducing Debt: MKR's debt to equity ratio has reduced from 62.8% to 25.4% over the past 5 years.
Debt Coverage: MKR's debt is well covered by operating cash flow (64.7%).
Interest Coverage: MKR's interest payments on its debt are well covered by EBIT (4.3x coverage).