Mec Resources Ltd

AU:MMR Australia Oil & Gas E&P
Market Cap
$4.64 Million
AU$7.49 Million AUD
Market Cap Rank
#33624 Global
#1174 in Australia
Share Price
AU$0.00
Change (1 day)
+0.00%
52-Week Range
AU$0.00 - AU$0.01
All Time High
AU$0.04
About

MEC Resources Limited, through its subsidiaries, operates as an oil and gas exploration and development company in Australia. The company was formerly known as MEC Strategic Ltd. MEC Resources Limited was incorporated in 2005 and is based in South Perth, Australia.

Mec Resources Ltd - Asset Resilience Ratio

Latest as of June 2024: -50.59%

Mec Resources Ltd (MMR) has an Asset Resilience Ratio of -50.59% as of June 2024. The Asset Resilience Ratio measures the percentage of a company's total assets that are held in liquid form (cash and short-term investments). This metric indicates how well-positioned the company is to handle unexpected financial challenges, economic downturns, or strategic opportunities without requiring external financing.

Liquid Assets
AU$-4.16 Million
Cash + Short-term Investments
Total Assets
AU$8.23 Million
All company assets
Resilience Assessment
Low
Financial Resilience Level

Asset Resilience Ratio Trend (2017–2024)

This chart shows how Mec Resources Ltd's Asset Resilience Ratio has changed over time. Compare with other companies' asset resilience ratios.

Liquid Assets Composition Over Time

This chart breaks down Mec Resources Ltd's liquid assets into cash & equivalents and short-term investments, showing how the composition has evolved over time.

Current Liquid Assets Breakdown

Component Amount % of Total Assets
Cash & Equivalents AU$0.00 0%
Short-term Investments AU$-4.16 Million -50.59%
Total Liquid Assets AU$-4.16 Million -50.59%

Asset Resilience Insights

  • Limited Liquidity: Mec Resources Ltd maintains only -50.59% of assets in liquid form.
  • This low level may indicate efficient asset utilization but could pose risks during economic downturns.
  • The company primarily holds liquidity in cash and equivalents rather than short-term investments.

Mec Resources Ltd Industry Peers by Asset Resilience Ratio

Compare Mec Resources Ltd's asset resilience ratio with other companies in the same industry.

Company Industry Asset Resilience Ratio
Bounty Oil & Gas NL
PINK:BYOGF
Oil & Gas E&P 0.18%
Shanxi Blue Flame Holding Co Ltd
SHE:000968
Oil & Gas E&P 0.01%
Oriental Energy Co Ltd
SHE:002221
Oil & Gas E&P -3.13%
P/F Atlantic Petroleum
CO:ATLA-DKK
Oil & Gas E&P 1.46%
Hibiscus Petroleum BHD
KLSE:5199
Oil & Gas E&P -5.94%
Reach Energy Bhd
KLSE:5256
Oil & Gas E&P 0.15%
Geo-Jade Petroleum Corp
SHG:600759
Oil & Gas E&P 0.01%
Shandong Xinchao Energy Co Ltd
SHG:600777
Oil & Gas E&P 8.49%

Annual Asset Resilience Ratio for Mec Resources Ltd (2017–2024)

The table below shows the annual Asset Resilience Ratio data for Mec Resources Ltd.

Year Asset Resilience Ratio (%) Liquid Assets Total Assets Change
2024-06-30 -50.59% AU$-4.16 Million AU$8.23 Million -59.01pp
2023-06-30 8.42% AU$1.59 Million AU$18.85 Million +1.25pp
2022-06-30 7.17% AU$1.48 Million AU$20.59 Million -2.53pp
2021-06-30 9.69% AU$872.74K AU$9.00 Million +9.67pp
2020-06-30 0.02% AU$2.16K AU$9.07 Million -4.80pp
2019-06-30 4.83% AU$563.15K AU$11.67 Million +1.19pp
2018-06-30 3.64% AU$465.13K AU$12.79 Million +2.36pp
2017-06-30 1.27% AU$385.65K AU$30.33 Million --
pp = percentage points