The company maintains a disciplined capital structure with a debt-to-equity ratio of 0.03, providing significant headroom despite the rapid expansion of net PPE to $379.7M.
| Total Assets | 467.78M | 435.46M | 349.01M | 350.24M | 332.32M | 286.48M | 253.36M | 243.61M | 261.73M |
| Asset Growth % | 64.95% | 24.77% | -0.35% | 5.39% | 16% | 13.07% | 4% | -6.92% | - |
| PP&E (Net) | 379.74M | 350.52M | 259.46M | 218.64M | 180.78M | 181.2M | 186.99M | 194.27M | 168.42M |
| PP&E / Total Assets % | 81.18% | 80.49% | 74.34% | 62.43% | 54.4% | 63.25% | 73.8% | 79.74% | 64.35% |
| Total Current Assets | 35.69M | 37.16M | 57.22M | 90.17M | 124.87M | 75.17M | 32.48M | 22.54M | 66.49M |
| Cash & Equivalents | 25.95M | 23.75M | 45.62M | 73.81M | 105.18M | 53.27M | 20.99M | 9.79M | 54.03M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 3.9M | 3.53M | 3.39M | 3.61M | 3.47M | 777K | 0 | 0 | 0 |
| Long-Term Investments | 17.07M | 4.25M | 0 | 0 | 0 | 0 | 0 | 0 | 1.1M |
| Goodwill | 60K | 60K | 60K | 60K | 60K | 60K | 60K | 60K | 60K |
| Intangible Assets | 19.28M | 19.55M | 18.05M | 18.36M | 15.7M | 14.05M | 14.62M | 12.34M | 13.08M |
| Other Assets | 20.59M | 18.38M | 12.94M | 20.93M | 6.96M | 5.43M | 4.38M | 5.66M | 4.74M |
| Total Liabilities | 204.01M | 172.31M | 91.6M | 100M | 105.22M | 104.19M | 93.73M | 89.36M | 113.79M |
| Total Debt | 8.34M | 137.94M | 62.91M | 68.09M | 76.22M | 79.53M | 66.36M | 67.35M | 92.96M |
| Net Debt | -17.6M | 114.19M | 17.29M | -5.72M | -28.95M | 26.26M | 45.37M | 57.56M | 38.93M |
| Long-Term Debt | 5.43M | 126M | 43.76M | 55.61M | 63.51M | 71.39M | 56.27M | 57.26M | 74.65M |
| Short-Term Borrowings | 2.91M | 6.05M | 11.85M | 7.89M | 7.87M | 7.82M | 9.49M | 9.31M | 18.31M |
| Capital Lease Obligations | 24.39M | 5.89M | 7.3M | 4.59M | 4.85M | 323K | 602K | 780K | 0 |
| Total Current Liabilities | 41.98M | 33.42M | 33.53M | 29.35M | 28.4M | 24.56M | 28.46M | 22.7M | 31.7M |
| Accounts Payable | 27.45M | 15.64M | 8.86M | 7.92M | 4.56M | 4.97M | 5.96M | 3.84M | 4.54M |
| Accrued Expenses | 27.95M | 0 | 10.07M | 12.79M | 15.09M | 10.82M | 11.54M | 8.69M | 610K |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.49M |
| Other Current Liabilities | 11.62M | 11.73M | 0 | 0 | 0 | 650K | 1.19M | 588K | 8.23M |
| Deferred Taxes | 324K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 156.6M | 7M | 9.13M | 10.89M | 8.95M | 8.21M | 8.68M | 8.89M | 7.45M |
| Total Equity | 263.77M | 263.15M | 257.42M | 250.24M | 227.09M | 182.29M | 159.62M | 154.26M | 147.94M |
| Equity Growth % | -1.16% | 2.23% | 2.87% | 10.19% | 24.57% | 14.2% | 3.48% | 4.27% | - |
| Shareholders Equity | 263.77M | 263.15M | 257.42M | 250.24M | 227.09M | 182.29M | 159.62M | 154.26M | 147.94M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Stock | 1.43M | 1.43M | 1.43M | 1.42M | 1.42M | 1.41M | 0 | 0 | 147.94M |
| Additional Paid-in Capital | 226.92M | 226.3M | 221.91M | 214.38M | 206.06M | 196.22M | 0 | 0 | 0 |
| Retained Earnings | 57.1M | 57.1M | 55.35M | 45.61M | 30.67M | -4.53M | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -102.81M |
| Return on Assets (ROA) | 0.53% | 0.45% | 2.78% | 4.38% | 11.38% | -1.68% | 1.85% | 2.3% | 10.99% |
| Return on Equity (ROE) | 0.85% | 0.67% | 3.83% | 6.26% | 17.19% | -2.65% | 2.93% | 3.85% | 19.44% |
| Debt / Equity | 0.03x | 0.52x | 0.24x | 0.27x | 0.34x | 0.44x | 0.42x | 0.44x | 0.63x |
| Debt / Assets | 1.78% | 31.68% | 18.03% | 19.44% | 22.94% | 27.76% | 26.19% | 27.64% | 35.52% |
| Net Debt / EBITDA | -0.54x | 3.31x | 0.44x | -0.13x | -0.44x | 1.00x | 1.77x | 1.87x | 0.75x |
| Book Value per Share | 1.84 | 1.84 | 1.81 | 1.76 | 1.59 | 1.29 | 1.12 | 1.09 | 1.05 |
Regulatory credit price volatility
Based on reported financial statements, MNTK has aggressively expanded its net property, plant, and equipment from $218.6M in 2023Q4 to $379.7M in 2026Q1, signaling a significant commitment to infrastructure development despite the inherent volatility in the underlying renewable natural gas credit markets.
The rapid growth in PPE net suggests that the company is prioritizing long-term asset footprint expansion over immediate margin optimization. Investors should monitor whether this capital-intensive growth strategy will yield sufficient returns on invested capital as the company scales its landfill gas conversion capacity.
As indicated by the company's balance sheet data, MNTK maintains a remarkably low debt-to-equity ratio of 0.03 as of 2026Q1, reflecting a disciplined approach to capital structure that provides significant headroom for future project financing despite the ongoing cash burn associated with infrastructure development.
The minimal reliance on debt appears to be a strategic choice to mitigate interest rate risk in a capital-intensive industry. This conservative positioning may provide a buffer against potential regulatory shifts, though it raises questions about whether the company is under-leveraging its balance sheet to drive higher equity returns.
According to recent SEC filings, MNTK's equity base has remained relatively stable, hovering around $263.8M in 2026Q1, which suggests that the company has successfully avoided significant shareholder dilution while funding its infrastructure expansion through a combination of existing cash reserves and operational cash flows.
The stability of the equity base, despite the persistent net margin compression, implies that the company is not currently reliant on equity markets to fund its growth. However, the lack of meaningful growth in retained earnings warrants further investigation into the long-term sustainability of the current dividend and capital allocation strategy.
Based on the provided quarterly data, MNTK's current ratio has tightened significantly from 3.07 in 2023Q4 to 0.85 in 2026Q1, suggesting that the company's liquidity position is being pressured by the aggressive pace of capital expenditure and the timing of environmental credit monetization.
The decline in the current ratio indicates that the company is utilizing its liquid assets to fund ongoing construction projects, which may limit its flexibility to respond to sudden market shocks. Analysts should monitor the company's ability to maintain sufficient working capital as it continues to navigate the cyclical nature of the renewable credit markets.
Quick answers to the most common questions about buying MNTK stock.
As of 2025, Montauk Renewables, Inc. (MNTK) had total assets of $435.5M including $37.2M in current assets.
Montauk Renewables, Inc. (MNTK) carries total debt of $137.9M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Montauk Renewables, Inc. (MNTK) has total shareholders' equity (book value) of $263.1M ($1.84 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Montauk Renewables, Inc. (MNTK) reported a current ratio of 1.11x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.