Parex Resources Balance Sheet Health
Financial Health criteria checks 5/6
Parex Resources has a total shareholder equity of $1.9B and total debt of $30.0M, which brings its debt-to-equity ratio to 1.5%. Its total assets and total liabilities are $2.3B and $347.5M respectively. Parex Resources's EBIT is $499.4M making its interest coverage ratio -229. It has cash and short-term investments of $147.5M.
Key information
1.5%
Debt to equity ratio
US$30.00m
Debt
| Interest coverage ratio | -229x |
| Cash | US$147.45m |
| Equity | US$1.94b |
| Total liabilities | US$347.47m |
| Total assets | US$2.29b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QPX's short term assets ($248.2M) exceed its short term liabilities ($210.7M).
Long Term Liabilities: QPX's short term assets ($248.2M) exceed its long term liabilities ($136.8M).
Debt to Equity History and Analysis
Debt Level: QPX has more cash than its total debt.
Reducing Debt: QPX's debt to equity ratio has increased from 0% to 1.5% over the past 5 years.
Debt Coverage: QPX's debt is well covered by operating cash flow (2321%).
Interest Coverage: QPX earns more interest than it pays, so coverage of interest payments is not a concern.