Petrox Resources Balance Sheet Health
Financial Health criteria checks 6/6
Petrox Resources has a total shareholder equity of CA$249.0K and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$575.2K and CA$326.2K respectively. Petrox Resources's EBIT is CA$26.9K making its interest coverage ratio -14. It has cash and short-term investments of CA$221.8K.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | -14x |
Cash | CA$221.78k |
Equity | CA$249.02k |
Total liabilities | CA$326.20k |
Total assets | CA$575.22k |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PTC's short term assets (CA$340.1K) exceed its short term liabilities (CA$28.5K).
Long Term Liabilities: PTC's short term assets (CA$340.1K) exceed its long term liabilities (CA$297.7K).
Debt to Equity History and Analysis
Debt Level: PTC is debt free.
Reducing Debt: PTC has not had any debt for past 5 years.
Debt Coverage: PTC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: PTC has no debt, therefore coverage of interest payments is not a concern.