Phoenix Motor Balance Sheet Health
Financial Health criteria checks 3/6
Phoenix Motor has a total shareholder equity of $21.9M and total debt of $4.0M, which brings its debt-to-equity ratio to 18.4%. Its total assets and total liabilities are $67.5M and $45.6M respectively.
Key information
18.4%
Debt to equity ratio
US$4.02m
Debt
| Interest coverage ratio | n/a |
| Cash | US$1.40m |
| Equity | US$21.86m |
| Total liabilities | US$45.61m |
| Total assets | US$67.47m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: PEV's short term assets ($60.5M) exceed its short term liabilities ($19.7M).
Long Term Liabilities: PEV's short term assets ($60.5M) exceed its long term liabilities ($25.9M).
Debt to Equity History and Analysis
Debt Level: PEV's net debt to equity ratio (12%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if PEV's debt to equity ratio has reduced over the past 5 years.
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: PEV has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: PEV has less than a year of cash runway if free cash flow continues to grow at historical rates of 4.9% each year.