Metal Energy

Metal Energy Interest Coverage

The Interest Coverage Ratio of Metal Energy (MERG.V) as of Nov 7, 2026 is -152.77. In the previous year, Interest Coverage Ratio was -53.47 — a change of 185.70% (lower).

Interest Coverage

-152.77

YoY

185.70%

Last updated:

Interest Coverage Ratio of Metal Energy is 2024 -152.77 . Interest Coverage Ratio of Metal Energy was 2023 -53.47 . It decreases by 185.70% lower compared to the previous year.

The Metal Energy Interest Coverage history

  • 3 Years

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  • 25 Years

  • Max

Interest Coverage
Date
Interest Coverage
Jan 1, 2023
-53.47 CAD
Jan 1, 2024
-152.77 CAD
The Metal Energy Interest Coverage history
YEARInterest CoverageYoY
-152.77+185.70%
-53.47—

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Metal Energy Stock analysis

What does Metal Energy do? Metal Energy Corp. is a Toronto-based company operating in the materials sector, specifically within metals and mining. Listed on April 14, 2021, the firm engages in the acquisition and exploration of mineral projects across Canadian jurisdictions. Its primary focus lies on two key assets: the Manibridge project in Manitoba and the SourceRock project in Ontario. The Manibridge site, situated in the Thompson Nickel Belt south of Wabowden, covers approximately 4,368 hectares and targets nickel, copper, cobalt, and platinum group elements. Meanwhile, the SourceRock project in Ontario’s Proterozoic Sibley sedimentary basin spans roughly 91,288 hectares and is drill-ready for lithium, sodium, and potassium exploration. Additionally, the company holds nine mining claims adjacent to SourceRock, prospective for lithium brines in the Thunder Bay-Nipigon area. Metal Energy is one of the most popular companies on Eulerpool.

Frequently Asked Questions about Metal Energy stock

Interest Coverage Ratio of Metal Energy is -152.77 in 2024.

Interest Coverage Ratio of Metal Energy changed from -53.47 to -152.77, representing a 185.70% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of Interest Coverage Ratio Metal Energy since 2006 – with annual values, charts, and detailed analysis.

The Interest Coverage ratio measures a company's ability to pay interest on its debt. Higher ratios indicate greater financial strength and lower default risk.

Interest Coverage = EBIT / Interest Expense

A 'good' varies by industry and company stage. On Eulerpool, you can compare Interest Coverage Ratio's Metal Energy with sector peers and the industry average to assess whether it is attractive.

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Leverage — Metal Energy

All Key Metrics — Metal Energy