PHX Energy Services Balance Sheet Health
Financial Health criteria checks 6/6
PHX Energy Services has a total shareholder equity of CA$223.9M and total debt of CA$9.6M, which brings its debt-to-equity ratio to 4.3%. Its total assets and total liabilities are CA$409.4M and CA$185.5M respectively. PHX Energy Services's EBIT is CA$67.2M making its interest coverage ratio 16.7. It has cash and short-term investments of CA$13.8M.
Key information
4.3%
Debt to equity ratio
CA$9.65m
Debt
| Interest coverage ratio | 16.7x |
| Cash | CA$13.80m |
| Equity | CA$223.87m |
| Total liabilities | CA$185.50m |
| Total assets | CA$409.37m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PHXH.F's short term assets (CA$196.4M) exceed its short term liabilities (CA$121.4M).
Long Term Liabilities: PHXH.F's short term assets (CA$196.4M) exceed its long term liabilities (CA$64.1M).
Debt to Equity History and Analysis
Debt Level: PHXH.F has more cash than its total debt.
Reducing Debt: PHXH.F's debt to equity ratio has reduced from 15.3% to 4.3% over the past 5 years.
Debt Coverage: PHXH.F's debt is well covered by operating cash flow (1252.6%).
Interest Coverage: PHXH.F's interest payments on its debt are well covered by EBIT (16.7x coverage).