Apex Mining Balance Sheet Health
Financial Health criteria checks 5/6
Apex Mining has a total shareholder equity of ₱14.6B and total debt of ₱6.1B, which brings its debt-to-equity ratio to 42%. Its total assets and total liabilities are ₱27.1B and ₱12.5B respectively. Apex Mining's EBIT is ₱4.5B making its interest coverage ratio 8.7. It has cash and short-term investments of ₱1.3B.
Key information
42.0%
Debt to equity ratio
₱6.14b
Debt
Interest coverage ratio | 8.7x |
Cash | ₱1.34b |
Equity | ₱14.61b |
Total liabilities | ₱12.46b |
Total assets | ₱27.07b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: APX's short term assets (₱4.6B) do not cover its short term liabilities (₱7.9B).
Long Term Liabilities: APX's short term assets (₱4.6B) exceed its long term liabilities (₱4.6B).
Debt to Equity History and Analysis
Debt Level: APX's net debt to equity ratio (32.9%) is considered satisfactory.
Reducing Debt: APX's debt to equity ratio has reduced from 92.1% to 42% over the past 5 years.
Debt Coverage: APX's debt is well covered by operating cash flow (85%).
Interest Coverage: APX's interest payments on its debt are well covered by EBIT (8.7x coverage).