Fenix Resources Balance Sheet Health
Financial Health criteria checks 5/6
Fenix Resources has a total shareholder equity of A$153.5M and total debt of A$22.9M, which brings its debt-to-equity ratio to 14.9%. Its total assets and total liabilities are A$238.6M and A$85.1M respectively. Fenix Resources's EBIT is A$60.8M making its interest coverage ratio -489.5. It has cash and short-term investments of A$63.5M.
Key information
14.9%
Debt to equity ratio
AU$22.88m
Debt
Interest coverage ratio | -489.5x |
Cash | AU$63.50m |
Equity | AU$153.49m |
Total liabilities | AU$85.09m |
Total assets | AU$238.58m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4ER's short term assets (A$102.1M) exceed its short term liabilities (A$47.2M).
Long Term Liabilities: 4ER's short term assets (A$102.1M) exceed its long term liabilities (A$37.9M).
Debt to Equity History and Analysis
Debt Level: 4ER has more cash than its total debt.
Reducing Debt: 4ER's debt to equity ratio has increased from 0.4% to 14.9% over the past 5 years.
Debt Coverage: 4ER's debt is well covered by operating cash flow (265.3%).
Interest Coverage: 4ER earns more interest than it pays, so coverage of interest payments is not a concern.