Phoenix Digital Assets Balance Sheet Health
Financial Health criteria checks 5/6
Phoenix Digital Assets has a total shareholder equity of £23.4M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £31.5M and £8.1M respectively. Phoenix Digital Assets's EBIT is £32.3M making its interest coverage ratio -1943.2. It has cash and short-term investments of £409.0K.
Key information
0%
Debt to equity ratio
UK£0
Debt
| Interest coverage ratio | -1943.2x |
| Cash | UK£408.96k |
| Equity | UK£23.36m |
| Total liabilities | UK£8.10m |
| Total assets | UK£31.46m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PNIX's short term assets (£420.4K) do not cover its short term liabilities (£8.1M).
Long Term Liabilities: PNIX has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: PNIX is debt free.
Reducing Debt: PNIX has not had any debt for past 5 years.
Debt Coverage: PNIX has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: PNIX has no debt, therefore coverage of interest payments is not a concern.