Philex Mining Balance Sheet Health
Financial Health criteria checks 3/6
Philex Mining has a total shareholder equity of ₱32.2B and total debt of ₱15.6B, which brings its debt-to-equity ratio to 48.5%. Its total assets and total liabilities are ₱52.6B and ₱20.4B respectively. Philex Mining's EBIT is ₱807.4M making its interest coverage ratio 47.1. It has cash and short-term investments of ₱5.6B.
Key information
48.5%
Debt to equity ratio
₱15.63b
Debt
| Interest coverage ratio | 47.1x |
| Cash | ₱5.55b |
| Equity | ₱32.22b |
| Total liabilities | ₱20.42b |
| Total assets | ₱52.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PX's short term assets (₱9.0B) exceed its short term liabilities (₱6.1B).
Long Term Liabilities: PX's short term assets (₱9.0B) do not cover its long term liabilities (₱14.3B).
Debt to Equity History and Analysis
Debt Level: PX's net debt to equity ratio (31.3%) is considered satisfactory.
Reducing Debt: PX's debt to equity ratio has increased from 42.6% to 48.5% over the past 5 years.
Debt Coverage: PX's debt is not well covered by operating cash flow (5.5%).
Interest Coverage: PX's interest payments on its debt are well covered by EBIT (47.1x coverage).