Phoenix Copper Limited

OTCPK:PXCL.Y Stock Report

Market Cap: US$40.1m

Phoenix Copper Balance Sheet Health

Financial Health criteria checks 4/6

Phoenix Copper has a total shareholder equity of $37.2M and total debt of $2.0M, which brings its debt-to-equity ratio to 5.5%. Its total assets and total liabilities are $40.5M and $3.3M respectively.

Key information

5.5%

Debt to equity ratio

US$2.05m

Debt

Interest coverage ration/a
CashUS$287.91k
EquityUS$37.19m
Total liabilitiesUS$3.32m
Total assetsUS$40.51m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: PXCL.Y's short term assets ($1.7M) do not cover its short term liabilities ($2.7M).

Long Term Liabilities: PXCL.Y's short term assets ($1.7M) exceed its long term liabilities ($657.7K).


Debt to Equity History and Analysis

Debt Level: PXCL.Y's net debt to equity ratio (4.7%) is considered satisfactory.

Reducing Debt: PXCL.Y's debt to equity ratio has increased from 0% to 5.5% 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: PXCL.Y has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: PXCL.Y is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.


Discover healthy companies