Phoenix Group Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Phoenix Group Holdings has a total shareholder equity of £2.8B and total debt of £3.7B, which brings its debt-to-equity ratio to 129.8%. Its total assets and total liabilities are £304.5B and £301.7B respectively. Phoenix Group Holdings's EBIT is £388.0M making its interest coverage ratio 1.4. It has cash and short-term investments of £9.7B.
Key information
129.8%
Debt to equity ratio
UK£3.69b
Debt
| Interest coverage ratio | 1.4x |
| Cash | UK£9.66b |
| Equity | UK£2.84b |
| Total liabilities | UK£301.69b |
| Total assets | UK£304.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1BF's short term assets (£33.8B) do not cover its short term liabilities (£177.0B).
Long Term Liabilities: 1BF's short term assets (£33.8B) do not cover its long term liabilities (£124.7B).
Debt to Equity History and Analysis
Debt Level: 1BF has more cash than its total debt.
Reducing Debt: 1BF's debt to equity ratio has increased from 37.5% to 129.8% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 1BF has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 1BF is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 5.2% per year.