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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 07:36 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Parex Resources Inc. is covered by 29 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Anthony Linton | Barclays |
| Randy Ollenberger | BMO Capital Markets Equity Research |
| Andres Cardona Gómez | BTG Pactual |