Phoenix Copper Balance Sheet Health
Financial Health criteria checks 4/6
Phoenix Copper has a total shareholder equity of $37.2M and total debt of $2.0M, which brings its debt-to-equity ratio to 5.5%. Its total assets and total liabilities are $40.5M and $3.3M respectively.
Key information
5.5%
Debt to equity ratio
US$2.05m
Debt
| Interest coverage ratio | n/a |
| Cash | US$287.91k |
| Equity | US$37.19m |
| Total liabilities | US$3.32m |
| Total assets | US$40.51m |
Financial Position Analysis
Short Term Liabilities: PXC's short term assets ($1.7M) do not cover its short term liabilities ($2.7M).
Long Term Liabilities: PXC's short term assets ($1.7M) exceed its long term liabilities ($657.7K).
Debt to Equity History and Analysis
Debt Level: PXC's net debt to equity ratio (4.7%) is considered satisfactory.
Reducing Debt: PXC's debt to equity ratio has increased from 0% to 5.5% 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: PXC has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: PXC is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.