Phoenix Copper Balance Sheet Health
Financial Health criteria checks 3/6
Phoenix Copper has a total shareholder equity of $48.5M and total debt of $6.8M, which brings its debt-to-equity ratio to 14.1%. Its total assets and total liabilities are $56.2M and $7.6M respectively.
Key information
14.1%
Debt to equity ratio
US$6.82m
Debt
| Interest coverage ratio | n/a |
| Cash | US$2.72m |
| Equity | US$48.55m |
| Total liabilities | US$7.63m |
| Total assets | US$56.17m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 5HR's short term assets ($13.7M) exceed its short term liabilities ($2.8M).
Long Term Liabilities: 5HR's short term assets ($13.7M) exceed its long term liabilities ($4.8M).
Debt to Equity History and Analysis
Debt Level: 5HR's net debt to equity ratio (8.4%) is considered satisfactory.
Reducing Debt: 5HR's debt to equity ratio has increased from 0% to 14.1% 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: 5HR has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 5HR has less than a year of cash runway if free cash flow continues to reduce at historical rates of 13.9% each year