Phoenix Group Holdings Balance Sheet Health
Financial Health criteria checks 1/6
Phoenix Group Holdings has a total shareholder equity of £3.5B and total debt of £6.2B, which brings its debt-to-equity ratio to 174.6%. Its total assets and total liabilities are £299.3B and £295.8B respectively. Phoenix Group Holdings's EBIT is £606.0M making its interest coverage ratio 2.3. It has cash and short-term investments of £2.9B.
Key information
174.6%
Debt to equity ratio
UK£6.18b
Debt
Interest coverage ratio | 2.3x |
Cash | UK£2.94b |
Equity | UK£3.54b |
Total liabilities | UK£295.77b |
Total assets | UK£299.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PNXG.F's short term assets (£32.6B) do not cover its short term liabilities (£169.7B).
Long Term Liabilities: PNXG.F's short term assets (£32.6B) do not cover its long term liabilities (£126.0B).
Debt to Equity History and Analysis
Debt Level: PNXG.F's net debt to equity ratio (91.6%) is considered high.
Reducing Debt: PNXG.F's debt to equity ratio has increased from 48.4% to 174.6% 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: PNXG.F has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if PNXG.F has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.