PPX Mining Balance Sheet Health
Financial Health criteria checks 0/6
PPX Mining has a total shareholder equity of CA$1.9M and total debt of CA$7.0M, which brings its debt-to-equity ratio to 373.7%. Its total assets and total liabilities are CA$12.3M and CA$10.5M respectively.
Key information
373.7%
Debt to equity ratio
CA$6.97m
Debt
Interest coverage ratio | n/a |
Cash | CA$368.00k |
Equity | CA$1.86m |
Total liabilities | CA$10.46m |
Total assets | CA$12.32m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PPX's short term assets (CA$1.7M) do not cover its short term liabilities (CA$2.4M).
Long Term Liabilities: PPX's short term assets (CA$1.7M) do not cover its long term liabilities (CA$8.0M).
Debt to Equity History and Analysis
Debt Level: PPX's net debt to equity ratio (354%) is considered high.
Reducing Debt: PPX's debt to equity ratio has increased from 215.2% to 373.7% over the past 5 years.
Debt Coverage: PPX's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if PPX's interest payments on its debt are well covered by EBIT.