PNM Resources Balance Sheet Health
Financial Health criteria checks 0/6
PNM Resources has a total shareholder equity of $2.4B and total debt of $4.8B, which brings its debt-to-equity ratio to 198.4%. Its total assets and total liabilities are $10.3B and $7.8B respectively. PNM Resources's EBIT is $228.6M making its interest coverage ratio 1.4. It has cash and short-term investments of $9.4M.
Key information
198.4%
Debt to equity ratio
US$4.78b
Debt
Interest coverage ratio | 1.4x |
Cash | US$9.42m |
Equity | US$2.41b |
Total liabilities | US$7.84b |
Total assets | US$10.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 98P's short term assets ($475.5M) do not cover its short term liabilities ($1.2B).
Long Term Liabilities: 98P's short term assets ($475.5M) do not cover its long term liabilities ($6.6B).
Debt to Equity History and Analysis
Debt Level: 98P's net debt to equity ratio (198.1%) is considered high.
Reducing Debt: 98P's debt to equity ratio has increased from 164.7% to 198.4% over the past 5 years.
Debt Coverage: 98P's debt is not well covered by operating cash flow (11.5%).
Interest Coverage: 98P's interest payments on its debt are not well covered by EBIT (1.4x coverage).