Pasinex Resources Balance Sheet Health
Financial Health criteria checks 1/6
Pasinex Resources has a total shareholder equity of CA$62.5K and total debt of CA$3.0M, which brings its debt-to-equity ratio to 4834.7%. Its total assets and total liabilities are CA$3.7M and CA$3.7M respectively.
Key information
4,834.7%
Debt to equity ratio
CA$3.02m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$57.30k |
| Equity | CA$62.49k |
| Total liabilities | CA$3.68m |
| Total assets | CA$3.74m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: PNX's short term assets (CA$149.8K) do not cover its short term liabilities (CA$3.7M).
Long Term Liabilities: PNX has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: PNX's net debt to equity ratio (4743%) is considered high.
Reducing Debt: PNX's debt to equity ratio has increased from 138.1% to 4834.7% 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: Insufficient data to determine if PNX has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if PNX has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.