Philex Mining Balance Sheet Health
Financial Health criteria checks 4/6
Philex Mining has a total shareholder equity of ₱31.7B and total debt of ₱9.9B, which brings its debt-to-equity ratio to 31.3%. Its total assets and total liabilities are ₱46.3B and ₱14.6B respectively. Philex Mining's EBIT is ₱679.2M making its interest coverage ratio -10. It has cash and short-term investments of ₱2.8B.
Key information
31.3%
Debt to equity ratio
₱9.93b
Debt
Interest coverage ratio | -10x |
Cash | ₱2.85b |
Equity | ₱31.68b |
Total liabilities | ₱14.60b |
Total assets | ₱46.28b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PXMF.F's short term assets (₱6.7B) exceed its short term liabilities (₱5.7B).
Long Term Liabilities: PXMF.F's short term assets (₱6.7B) do not cover its long term liabilities (₱8.9B).
Debt to Equity History and Analysis
Debt Level: PXMF.F's net debt to equity ratio (22.3%) is considered satisfactory.
Reducing Debt: PXMF.F's debt to equity ratio has reduced from 40% to 31.3% over the past 5 years.
Debt Coverage: PXMF.F's debt is not well covered by operating cash flow (11%).
Interest Coverage: PXMF.F earns more interest than it pays, so coverage of interest payments is not a concern.