Pyxis Tankers Balance Sheet Health
Financial Health criteria checks 6/6
Pyxis Tankers has a total shareholder equity of $100.9M and total debt of $61.0M, which brings its debt-to-equity ratio to 60.4%. Its total assets and total liabilities are $166.3M and $65.5M respectively. Pyxis Tankers's EBIT is $16.7M making its interest coverage ratio 3.7. It has cash and short-term investments of $54.5M.
Key information
60.4%
Debt to equity ratio
US$60.95m
Debt
| Interest coverage ratio | 3.7x |
| Cash | US$54.54m |
| Equity | US$100.86m |
| Total liabilities | US$65.45m |
| Total assets | US$166.31m |
Recent financial health updates
Does Pyxis Tankers (NASDAQ:PXS) Have A Healthy Balance Sheet?
Dec 23
Pyxis Tankers (NASDAQ:PXS) Seems To Use Debt Quite Sensibly
Sep 19Pyxis Tankers (NASDAQ:PXS) Has A Somewhat Strained Balance Sheet
Apr 11Health Check: How Prudently Does Pyxis Tankers (NASDAQ:PXS) Use Debt?
Nov 14Recent updates
Pyxis Tankers (NASDAQ:PXS) Is Posting Solid Earnings, But It Is Not All Good News
Mar 22Investors Continue Waiting On Sidelines For Pyxis Tankers Inc. (NASDAQ:PXS)
Mar 14Does Pyxis Tankers (NASDAQ:PXS) Have A Healthy Balance Sheet?
Dec 23Investors Aren't Entirely Convinced By Pyxis Tankers Inc.'s (NASDAQ:PXS) Revenues
Nov 18Pyxis Tankers (NASDAQ:PXS) Seems To Use Debt Quite Sensibly
Sep 19Pyxis Tankers (NASDAQ:PXS) Has A Somewhat Strained Balance Sheet
Apr 11Returns At Pyxis Tankers (NASDAQ:PXS) Are On The Way Up
Mar 16Returns On Capital Are Showing Encouraging Signs At Pyxis Tankers (NASDAQ:PXS)
Nov 22Pyxis Tankers: Strong Buy On Bargain Valuation And Sound Market Conditions
Sep 08Analyst Forecasts For Pyxis Tankers Inc. (NASDAQ:PXS) Are Surging Higher
Aug 16Pyxis Tankers GAAP EPS of $0.38, revenue of $16.06M
Aug 08Analyst Forecasts For Pyxis Tankers Inc. (NASDAQ:PXS) Are Surging Higher
May 19Pyxis Tankers' Recent Sale Of 2 Small Vessels
Jan 05Deep Dive Into Pyxis Tankers And Product Tankers Sector Outlook
Dec 23Health Check: How Prudently Does Pyxis Tankers (NASDAQ:PXS) Use Debt?
Nov 14Pyxis Tankers Could Make It Happen This Time, But Risks Outweigh Potential Returns
Jul 14Does Pyxis Tankers (NASDAQ:PXS) Have A Healthy Balance Sheet?
Jun 04Pyxis Tankers EPS in-line, beats on revenue
Jun 02The Returns On Capital At Pyxis Tankers (NASDAQ:PXS) Don't Inspire Confidence
Jan 01
Pyxis Tankers Inc. 2020 Q3 - Results - Earnings Call Presentation
Nov 16Pyxis Tankers EPS misses by $0.06, misses on revenue
Nov 13Financial Position Analysis
Short Term Liabilities: PXS's short term assets ($60.9M) exceed its short term liabilities ($10.1M).
Long Term Liabilities: PXS's short term assets ($60.9M) exceed its long term liabilities ($55.4M).
Debt to Equity History and Analysis
Debt Level: PXS's net debt to equity ratio (6.4%) is considered satisfactory.
Reducing Debt: PXS's debt to equity ratio has reduced from 168.9% to 60.4% over the past 5 years.
Debt Coverage: PXS's debt is well covered by operating cash flow (35.2%).
Interest Coverage: PXS's interest payments on its debt are well covered by EBIT (3.7x coverage).