Phoenix Investment Balance Sheet Health
Financial Health criteria checks 6/6
Phoenix Investment has a total shareholder equity of MUR6.8B and total debt of MUR0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are MUR10.1B and MUR3.3B respectively. Phoenix Investment's EBIT is MUR1.4B making its interest coverage ratio 29.1. It has cash and short-term investments of MUR1.2B.
Key information
0%
Debt to equity ratio
MU₨0
Debt
| Interest coverage ratio | 29.1x |
| Cash | MU₨1.24b |
| Equity | MU₨6.81b |
| Total liabilities | MU₨3.27b |
| Total assets | MU₨10.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PHIN.I0000's short term assets (MUR4.1B) exceed its short term liabilities (MUR2.1B).
Long Term Liabilities: PHIN.I0000's short term assets (MUR4.1B) exceed its long term liabilities (MUR1.1B).
Debt to Equity History and Analysis
Debt Level: PHIN.I0000 is debt free.
Reducing Debt: PHIN.I0000 has no debt compared to 5 years ago when its debt to equity ratio was 13.8%.
Debt Coverage: PHIN.I0000 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: PHIN.I0000 has no debt, therefore coverage of interest payments is not a concern.