PHX Minerals Balance Sheet Health
Financial Health criteria checks 5/6
PHX Minerals has a total shareholder equity of $123.6M and total debt of $27.8M, which brings its debt-to-equity ratio to 22.4%. Its total assets and total liabilities are $162.8M and $39.2M respectively. PHX Minerals's EBIT is $9.5M making its interest coverage ratio 3.5. It has cash and short-term investments of $2.6M.
Key information
22.4%
Debt to equity ratio
US$27.75m
Debt
| Interest coverage ratio | 3.5x |
| Cash | US$2.60m |
| Equity | US$123.61m |
| Total liabilities | US$39.21m |
| Total assets | US$162.82m |
Recent financial health updates
These 4 Measures Indicate That PHX Minerals (NYSE:PHX) Is Using Debt Extensively
Apr 25
These 4 Measures Indicate That PHX Minerals (NYSE:PHX) Is Using Debt Reasonably Well
Mar 12PHX Minerals (NYSE:PHX) Has A Somewhat Strained Balance Sheet
Oct 26Recent updates
We Think That There Are More Issues For PHX Minerals (NYSE:PHX) Than Just Sluggish Earnings
Aug 15PHX Minerals (NYSE:PHX) Has Announced A Dividend Of $0.03
May 22These 4 Measures Indicate That PHX Minerals (NYSE:PHX) Is Using Debt Extensively
Apr 25Time To Worry? Analysts Are Downgrading Their PHX Minerals Inc. (NYSE:PHX) Outlook
Mar 15PHX Minerals: A Good Natural Gas Royalties Play
Aug 31PHX Minerals (NYSE:PHX) Has Announced A Dividend Of $0.0225
Aug 12PHX Minerals: Play On Royalties, Not Production
Jun 08Analysts Just Shipped A Meaningful Upgrade To Their PHX Minerals Inc. (NYSE:PHX) Estimates
May 14These 4 Measures Indicate That PHX Minerals (NYSE:PHX) Is Using Debt Reasonably Well
Mar 12Analyst Forecasts Just Became More Bearish On PHX Minerals Inc. (NYSE:PHX)
Feb 01PHX Minerals: Laying The Foundation For A Long-Term Run
Jan 04PHX Minerals GAAP EPS of $0.26 beats by $0.06, revenue of $17.55M misses by $1.15M
Dec 13PHX Minerals (NYSE:PHX) Has A Somewhat Strained Balance Sheet
Oct 26PHX Minerals: Market Appears Concerned But Company Is Solid
Oct 12PHX Minerals declares $0.02 dividend
Aug 08PHX Minerals: An Underfollowed And Exciting Way To Play Natural Gas
Jul 07PHX Minerals (NYSE:PHX) Will Pay A Larger Dividend Than Last Year At US$0.02
May 13Financial Position Analysis
Short Term Liabilities: PHX's short term assets ($8.2M) exceed its short term liabilities ($2.6M).
Long Term Liabilities: PHX's short term assets ($8.2M) do not cover its long term liabilities ($36.6M).
Debt to Equity History and Analysis
Debt Level: PHX's net debt to equity ratio (20.3%) is considered satisfactory.
Reducing Debt: PHX's debt to equity ratio has reduced from 44.7% to 22.4% over the past 5 years.
Debt Coverage: PHX's debt is well covered by operating cash flow (66.9%).
Interest Coverage: PHX's interest payments on its debt are well covered by EBIT (3.5x coverage).