Cox Energy América. de Balance Sheet Health
Financial Health criteria checks 5/6
Cox Energy América. de has a total shareholder equity of MX$2.1B and total debt of MX$1.5B, which brings its debt-to-equity ratio to 72.8%. Its total assets and total liabilities are MX$7.6B and MX$5.5B respectively. Cox Energy América. de's EBIT is MX$174.4M making its interest coverage ratio 0.7. It has cash and short-term investments of MX$727.9M.
Key information
72.8%
Debt to equity ratio
Mex$1.55b
Debt
Interest coverage ratio | 0.7x |
Cash | Mex$727.86m |
Equity | Mex$2.13b |
Total liabilities | Mex$5.48b |
Total assets | Mex$7.61b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: COXA *'s short term assets (MX$2.3B) do not cover its short term liabilities (MX$3.8B).
Long Term Liabilities: COXA *'s short term assets (MX$2.3B) exceed its long term liabilities (MX$1.7B).
Debt to Equity History and Analysis
Debt Level: COXA *'s net debt to equity ratio (38.6%) is considered satisfactory.
Reducing Debt: COXA * had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: Whilst unprofitable COXA * has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: COXA * is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 7.5% per year.