Apex Mining Balance Sheet Health
Financial Health criteria checks 5/6
Apex Mining has a total shareholder equity of ₱17.2B and total debt of ₱6.3B, which brings its debt-to-equity ratio to 36.4%. Its total assets and total liabilities are ₱29.0B and ₱11.8B respectively. Apex Mining's EBIT is ₱5.6B making its interest coverage ratio 7.6. It has cash and short-term investments of ₱1.4B.
Key information
36.4%
Debt to equity ratio
₱6.25b
Debt
| Interest coverage ratio | 7.6x |
| Cash | ₱1.38b |
| Equity | ₱17.17b |
| Total liabilities | ₱11.81b |
| Total assets | ₱28.98b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: APX's short term assets (₱5.3B) do not cover its short term liabilities (₱8.5B).
Long Term Liabilities: APX's short term assets (₱5.3B) exceed its long term liabilities (₱3.3B).
Debt to Equity History and Analysis
Debt Level: APX's net debt to equity ratio (28.4%) is considered satisfactory.
Reducing Debt: APX's debt to equity ratio has reduced from 100.1% to 36.4% over the past 5 years.
Debt Coverage: APX's debt is well covered by operating cash flow (89.1%).
Interest Coverage: APX's interest payments on its debt are well covered by EBIT (7.6x coverage).