PhenixFIN Balance Sheet Health
Financial Health criteria checks 2/6
PhenixFIN has a total shareholder equity of $154.3M and total debt of $84.4M, which brings its debt-to-equity ratio to 54.7%. Its total assets and total liabilities are $247.7M and $93.4M respectively. PhenixFIN's EBIT is $11.4M making its interest coverage ratio 1.9. It has cash and short-term investments of $19.1M.
Key information
54.7%
Debt to equity ratio
US$84.42m
Debt
Interest coverage ratio | 1.9x |
Cash | US$19.12m |
Equity | US$154.27m |
Total liabilities | US$93.42m |
Total assets | US$247.69m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: Q29's short term assets ($25.7M) exceed its short term liabilities ($8.7M).
Long Term Liabilities: Q29's short term assets ($25.7M) do not cover its long term liabilities ($84.7M).
Debt to Equity History and Analysis
Debt Level: Q29's net debt to equity ratio (42.3%) is considered high.
Reducing Debt: Q29's debt to equity ratio has reduced from 143.1% to 54.7% over the past 5 years.
Debt Coverage: Q29's debt is not well covered by operating cash flow (7.6%).
Interest Coverage: Q29's interest payments on its debt are not well covered by EBIT (1.9x coverage).