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Pyxis Tankers Balance Sheet Health
Financial Health criteria checks 4/6
Pyxis Tankers has a total shareholder equity of $104.9M and total debt of $88.5M, which brings its debt-to-equity ratio to 84.4%. Its total assets and total liabilities are $198.6M and $93.7M respectively. Pyxis Tankers's EBIT is $20.9M making its interest coverage ratio 5.2. It has cash and short-term investments of $42.4M.
Key information
84.4%
Debt to equity ratio
US$88.48m
Debt
| Interest coverage ratio | 5.2x |
| Cash | US$42.41m |
| Equity | US$104.89m |
| Total liabilities | US$93.70m |
| Total assets | US$198.59m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PXSA.P's short term assets ($51.1M) exceed its short term liabilities ($12.9M).
Long Term Liabilities: PXSA.P's short term assets ($51.1M) do not cover its long term liabilities ($80.8M).
Debt to Equity History and Analysis
Debt Level: PXSA.P's net debt to equity ratio (43.9%) is considered high.
Reducing Debt: PXSA.P's debt to equity ratio has reduced from 181.7% to 84.4% over the past 5 years.
Debt Coverage: PXSA.P's debt is well covered by operating cash flow (22.4%).
Interest Coverage: PXSA.P's interest payments on its debt are well covered by EBIT (5.2x coverage).