Fenix Resources Balance Sheet Health
Financial Health criteria checks 5/6
Fenix Resources has a total shareholder equity of A$166.3M and total debt of A$34.8M, which brings its debt-to-equity ratio to 20.9%. Its total assets and total liabilities are A$266.8M and A$100.4M respectively. Fenix Resources's EBIT is A$49.9M making its interest coverage ratio 423. It has cash and short-term investments of A$77.7M.
Key information
20.9%
Debt to equity ratio
AU$34.76m
Debt
| Interest coverage ratio | 423x |
| Cash | AU$77.68m |
| Equity | AU$166.34m |
| Total liabilities | AU$100.43m |
| Total assets | AU$266.78m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FEX's short term assets (A$107.6M) exceed its short term liabilities (A$53.2M).
Long Term Liabilities: FEX's short term assets (A$107.6M) exceed its long term liabilities (A$47.2M).
Debt to Equity History and Analysis
Debt Level: FEX has more cash than its total debt.
Reducing Debt: FEX's debt to equity ratio has increased from 0% to 20.9% over the past 5 years.
Debt Coverage: FEX's debt is well covered by operating cash flow (201.9%).
Interest Coverage: FEX's interest payments on its debt are well covered by EBIT (423x coverage).