PHX Energy Services Balance Sheet Health
Financial Health criteria checks 6/6
PHX Energy Services has a total shareholder equity of CA$222.3M and total debt of CA$7.5M, which brings its debt-to-equity ratio to 3.4%. Its total assets and total liabilities are CA$403.4M and CA$181.1M respectively. PHX Energy Services's EBIT is CA$73.6M making its interest coverage ratio 17.1. It has cash and short-term investments of CA$13.4M.
Key information
3.4%
Debt to equity ratio
CA$7.55m
Debt
| Interest coverage ratio | 17.1x |
| Cash | CA$13.38m |
| Equity | CA$222.31m |
| Total liabilities | CA$181.09m |
| Total assets | CA$403.40m |
Recent financial health updates
Does PHX Energy Services (TSE:PHX) Have A Healthy Balance Sheet?
Jan 20
Does PHX Energy Services (TSE:PHX) Have A Healthy Balance Sheet?
Oct 20PHX Energy Services (TSE:PHX) Takes On Some Risk With Its Use Of Debt
May 31Recent updates
Here's Why Shareholders Will Not Be Complaining About PHX Energy Services Corp.'s (TSE:PHX) CEO Pay Packet
May 04Does PHX Energy Services (TSE:PHX) Have A Healthy Balance Sheet?
Jan 20PHX Energy Services' (TSE:PHX) Upcoming Dividend Will Be Larger Than Last Year's
Dec 25PHX Energy Services' (TSE:PHX) Dividend Will Be Increased To CA$0.20
Nov 11Does PHX Energy Services (TSE:PHX) Deserve A Spot On Your Watchlist?
Aug 15PHX Energy Services (TSE:PHX) Is Paying Out A Larger Dividend Than Last Year
Mar 18PHX Energy Services (TSE:PHX) Is Increasing Its Dividend To CA$0.15
Dec 16PHX Energy Services (TSE:PHX) Is Increasing Its Dividend To CA$0.15
Nov 17With EPS Growth And More, PHX Energy Services (TSE:PHX) Makes An Interesting Case
Nov 01Does PHX Energy Services (TSE:PHX) Have A Healthy Balance Sheet?
Oct 20PHX Energy Services (TSE:PHX) Has Announced That It Will Be Increasing Its Dividend To CA$0.10
Sep 15After Leaping 55% PHX Energy Services Corp. (TSE:PHX) Shares Are Not Flying Under The Radar
Aug 12Is There An Opportunity With PHX Energy Services Corp.'s (TSE:PHX) 50% Undervaluation?
Jul 31PHX Energy Services (TSE:PHX) Takes On Some Risk With Its Use Of Debt
May 31Financial Position Analysis
Short Term Liabilities: PHX's short term assets (CA$208.7M) exceed its short term liabilities (CA$120.0M).
Long Term Liabilities: PHX's short term assets (CA$208.7M) exceed its long term liabilities (CA$61.1M).
Debt to Equity History and Analysis
Debt Level: PHX has more cash than its total debt.
Reducing Debt: PHX's debt to equity ratio has reduced from 17.6% to 3.4% over the past 5 years.
Debt Coverage: PHX's debt is well covered by operating cash flow (1377.8%).
Interest Coverage: PHX's interest payments on its debt are well covered by EBIT (17.1x coverage).