Pasinex Resources Balance Sheet Health
Financial Health criteria checks 1/6
Pasinex Resources has a total shareholder equity of CA$1.2M and total debt of CA$2.5M, which brings its debt-to-equity ratio to 203.4%. Its total assets and total liabilities are CA$4.0M and CA$2.8M respectively.
Key information
203.4%
Debt to equity ratio
CA$2.50m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$340.04k |
| Equity | CA$1.23m |
| Total liabilities | CA$2.82m |
| Total assets | CA$4.05m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: PNX's short term assets (CA$589.8K) do not cover its short term liabilities (CA$2.8M).
Long Term Liabilities: PNX has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: PNX's net debt to equity ratio (175.7%) is considered high.
Reducing Debt: PNX's debt to equity ratio has increased from 7.4% to 203.4% over the past 5 years.
Debt Coverage: PNX's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if PNX's interest payments on its debt are well covered by EBIT.