Montauk Renewables Balance Sheet Health
Financial Health criteria checks 6/6
Montauk Renewables has a total shareholder equity of $275.3M and total debt of $57.6M, which brings its debt-to-equity ratio to 20.9%. Its total assets and total liabilities are $374.1M and $98.8M respectively. Montauk Renewables's EBIT is $34.9M making its interest coverage ratio 5.5. It has cash and short-term investments of $55.4M.
Key information
20.9%
Debt to equity ratio
US$57.59m
Debt
| Interest coverage ratio | 5.5x |
| Cash | US$55.40m |
| Equity | US$275.34m |
| Total liabilities | US$98.78m |
| Total assets | US$374.12m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MKR's short term assets ($79.3M) exceed its short term liabilities ($38.9M).
Long Term Liabilities: MKR's short term assets ($79.3M) exceed its long term liabilities ($59.9M).
Debt to Equity History and Analysis
Debt Level: MKR's net debt to equity ratio (0.8%) is considered satisfactory.
Reducing Debt: MKR's debt to equity ratio has reduced from 49.1% to 20.9% over the past 5 years.
Debt Coverage: MKR's debt is well covered by operating cash flow (112.1%).
Interest Coverage: MKR's interest payments on its debt are well covered by EBIT (5.5x coverage).