Parex Resources Balance Sheet Health
Financial Health criteria checks 5/6
Parex Resources has a total shareholder equity of $2.0B and total debt of $90.0M, which brings its debt-to-equity ratio to 4.6%. Its total assets and total liabilities are $2.4B and $459.9M respectively. Parex Resources's EBIT is $512.6M making its interest coverage ratio -35.8. It has cash and short-term investments of $140.4M.
Key information
4.6%
Debt to equity ratio
US$90.00m
Debt
| Interest coverage ratio | -35.8x |
| Cash | US$140.35m |
| Equity | US$1.96b |
| Total liabilities | US$459.90m |
| Total assets | US$2.42b |
Recent financial health updates
No updates
Recent updates
The Market Doesn't Like What It Sees From Parex Resources Inc.'s (TSE:PXT) Earnings Yet
Jan 28
Here's Why We Think Parex Resources (TSE:PXT) Is Well Worth Watching
Jan 10Many Would Be Envious Of Parex Resources' (TSE:PXT) Excellent Returns On Capital
Nov 28Here's Why We Think Parex Resources (TSE:PXT) Is Well Worth Watching
Oct 05Parex Resources Inc. (TSE:PXT) Shares Could Be 23% Below Their Intrinsic Value Estimate
Sep 20Here's What Parex Resources' (TSE:PXT) Strong Returns On Capital Mean
Aug 26Newsflash: Parex Resources Inc. (TSE:PXT) Analysts Have Been Trimming Their Revenue Forecasts
Aug 04If EPS Growth Is Important To You, Parex Resources (TSE:PXT) Presents An Opportunity
Jun 04Returns on Capital Paint A Bright Future For Parex Resources (TSE:PXT)
May 10Is Parex Resources Inc. (TSE:PXT) Trading At A 30% Discount?
Apr 06Parex Resources (TSE:PXT) Is Increasing Its Dividend To $0.375
Feb 09With EPS Growth And More, Parex Resources (TSE:PXT) Makes An Interesting Case
Jan 24Returns On Capital Are A Standout For Parex Resources (TSE:PXT)
Jan 10Here's Why We Think Parex Resources (TSE:PXT) Might Deserve Your Attention Today
Oct 07The Trend Of High Returns At Parex Resources (TSE:PXT) Has Us Very Interested
Sep 22Investors Should Be Encouraged By Parex Resources' (TSE:PXT) Returns On Capital
May 10Calculating The Intrinsic Value Of Parex Resources Inc. (TSE:PXT)
Jan 28Returns on Capital Paint A Bright Future For Parex Resources (TSE:PXT)
Dec 21A Look At The Intrinsic Value Of Parex Resources Inc. (TSE:PXT)
Oct 29Under The Bonnet, Parex Resources' (TSE:PXT) Returns Look Impressive
Sep 06Financial Position Analysis
Short Term Liabilities: PXT's short term assets ($337.2M) exceed its short term liabilities ($258.1M).
Long Term Liabilities: PXT's short term assets ($337.2M) exceed its long term liabilities ($201.8M).
Debt to Equity History and Analysis
Debt Level: PXT has more cash than its total debt.
Reducing Debt: PXT's debt to equity ratio has increased from 0% to 4.6% over the past 5 years.
Debt Coverage: PXT's debt is well covered by operating cash flow (418.3%).
Interest Coverage: PXT earns more interest than it pays, so coverage of interest payments is not a concern.