PhenixFIN Balance Sheet Health
Financial Health criteria checks 2/6
PhenixFIN has a total shareholder equity of $154.2M and total debt of $85.3M, which brings its debt-to-equity ratio to 55.3%. Its total assets and total liabilities are $246.3M and $92.1M respectively. PhenixFIN's EBIT is $12.5M making its interest coverage ratio 2. It has cash and short-term investments of $8.9M.
Key information
55.3%
Debt to equity ratio
US$85.29m
Debt
| Interest coverage ratio | 2x |
| Cash | US$8.87m |
| Equity | US$154.20m |
| Total liabilities | US$92.09m |
| Total assets | US$246.30m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: Q29's short term assets ($11.6M) exceed its short term liabilities ($6.5M).
Long Term Liabilities: Q29's short term assets ($11.6M) do not cover its long term liabilities ($85.6M).
Debt to Equity History and Analysis
Debt Level: Q29's net debt to equity ratio (49.6%) is considered high.
Reducing Debt: Q29's debt to equity ratio has reduced from 107.1% to 55.3% over the past 5 years.
Debt Coverage: Q29's debt is not well covered by operating cash flow (3.4%).
Interest Coverage: Q29's interest payments on its debt are not well covered by EBIT (2x coverage).