Phoenix Group Balance Sheet Health
Financial Health criteria checks 4/6
Phoenix Group has a total shareholder equity of $875.1M and total debt of $18.6M, which brings its debt-to-equity ratio to 2.1%. Its total assets and total liabilities are $977.6M and $102.4M respectively. Phoenix Group's EBIT is $110.2M making its interest coverage ratio 13.4. It has cash and short-term investments of $3.3M.
Key information
2.1%
Debt to equity ratio
US$18.60m
Debt
| Interest coverage ratio | 13.4x |
| Cash | US$3.27m |
| Equity | US$875.12m |
| Total liabilities | US$102.44m |
| Total assets | US$977.56m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: PHX's short term assets ($501.4M) exceed its short term liabilities ($97.6M).
Long Term Liabilities: PHX's short term assets ($501.4M) exceed its long term liabilities ($4.8M).
Debt to Equity History and Analysis
Debt Level: PHX's net debt to equity ratio (1.8%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if PHX's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: PHX's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PHX's interest payments on its debt are well covered by EBIT (13.4x coverage).