Parex Resources Balance Sheet Health
Financial Health criteria checks 5/6
Parex Resources has a total shareholder equity of $1.8B and total debt of $60.0M, which brings its debt-to-equity ratio to 3.3%. Its total assets and total liabilities are $2.2B and $323.7M respectively. Parex Resources's EBIT is $404.3M making its interest coverage ratio 8421.9. It has cash and short-term investments of $98.0M.
Key information
3.3%
Debt to equity ratio
US$60.00m
Debt
| Interest coverage ratio | 8421.9x |
| Cash | US$98.02m |
| Equity | US$1.83b |
| Total liabilities | US$323.74m |
| Total assets | US$2.16b |
Recent financial health updates
Parex Resources (TSE:PXT) Has A Pretty Healthy Balance Sheet
Apr 04
Here's Why Parex Resources (TSE:PXT) Can Manage Its Debt Responsibly
Nov 06Here's Why Parex Resources (TSE:PXT) Can Manage Its Debt Responsibly
Jun 04Recent updates
Parex Resources (TSE:PXT) Has A Pretty Healthy Balance Sheet
Apr 04A Look At The Intrinsic Value Of Parex Resources Inc. (TSE:PXT)
Feb 20Parex Resources Inc.'s (TSE:PXT) Business And Shares Still Trailing The Market
Jan 28
Enhanced Oil Recovery Will Stabilize Key Assets Like Llanos 34, Yet Projected Earnings May Decline
Jan 20 Focus on operational reliability and optimized performance could enhance margins and free funds flow, improving long-term financial stability.Here's Why Parex Resources (TSE:PXT) Can Manage Its Debt Responsibly
Nov 06Capital Allocation Trends At Parex Resources (TSE:PXT) Aren't Ideal
Oct 04Little Excitement Around Parex Resources Inc.'s (TSE:PXT) Earnings As Shares Take 35% Pounding
Aug 30Parex Resources' (TSE:PXT) Conservative Accounting Might Explain Soft Earnings
Aug 07Parex Resources (TSE:PXT) Has Announced A Dividend Of $0.385
Aug 05Here's Why Parex Resources (TSE:PXT) Can Manage Its Debt Responsibly
Jun 04The Market Doesn't Like What It Sees From Parex Resources Inc.'s (TSE:PXT) Earnings Yet
Jan 28Here'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 09Financial Position Analysis
Short Term Liabilities: PXT's short term assets ($245.9M) exceed its short term liabilities ($186.5M).
Long Term Liabilities: PXT's short term assets ($245.9M) exceed its long term liabilities ($137.2M).
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 3.3% over the past 5 years.
Debt Coverage: PXT's debt is well covered by operating cash flow (949.9%).
Interest Coverage: PXT's interest payments on its debt are well covered by EBIT (8421.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/04/24 22:47 |
| End of Day Share Price | 2025/04/24 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Parex Resources Inc. is covered by 28 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Anthony Linton | Barclays |
| Randy Ollenberger | BMO Capital Markets Equity Research |
| Andres Cardona Gómez | BTG Pactual |