Phoenix Overseas Balance Sheet Health
Financial Health criteria checks 3/6
Phoenix Overseas has a total shareholder equity of ₹501.3M and total debt of ₹293.7M, which brings its debt-to-equity ratio to 58.6%. Its total assets and total liabilities are ₹1.3B and ₹815.0M respectively. Phoenix Overseas's EBIT is ₹123.4M making its interest coverage ratio 3.1. It has cash and short-term investments of ₹85.9M.
Key information
58.6%
Debt to equity ratio
₹293.71m
Debt
| Interest coverage ratio | 3.1x |
| Cash | ₹85.87m |
| Equity | ₹501.27m |
| Total liabilities | ₹814.99m |
| Total assets | ₹1.32b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: PHOGLOBAL's short term assets (₹973.4M) exceed its short term liabilities (₹782.9M).
Long Term Liabilities: PHOGLOBAL's short term assets (₹973.4M) exceed its long term liabilities (₹32.1M).
Debt to Equity History and Analysis
Debt Level: PHOGLOBAL's net debt to equity ratio (41.5%) is considered high.
Reducing Debt: Insufficient data to determine if PHOGLOBAL's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: PHOGLOBAL's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PHOGLOBAL's interest payments on its debt are well covered by EBIT (3.1x coverage).