Prospex Energy Balance Sheet Health
Financial Health criteria checks 3/6
Prospex Energy has a total shareholder equity of £18.7M and total debt of £2.3M, which brings its debt-to-equity ratio to 12.3%. Its total assets and total liabilities are £22.2M and £3.5M respectively.
Key information
12.3%
Debt to equity ratio
UK£2.31m
Debt
Interest coverage ratio | n/a |
Cash | UK£395.30k |
Equity | UK£18.71m |
Total liabilities | UK£3.49m |
Total assets | UK£22.20m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PXEN's short term assets (£6.6M) exceed its short term liabilities (£2.4M).
Long Term Liabilities: PXEN's short term assets (£6.6M) exceed its long term liabilities (£1.1M).
Debt to Equity History and Analysis
Debt Level: PXEN's net debt to equity ratio (10.2%) is considered satisfactory.
Reducing Debt: PXEN's debt to equity ratio has increased from 0% to 12.3% over the past 5 years.
Debt Coverage: PXEN's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if PXEN's interest payments on its debt are well covered by EBIT.