PNM Resources Balance Sheet Health
Financial Health criteria checks 0/6
PNM Resources has a total shareholder equity of $2.4B and total debt of $4.8B, which brings its debt-to-equity ratio to 198.4%. Its total assets and total liabilities are $10.3B and $7.8B respectively. PNM Resources's EBIT is $228.6M making its interest coverage ratio 1.4. It has cash and short-term investments of $9.4M.
Key information
198.4%
Debt to equity ratio
US$4.78b
Debt
| Interest coverage ratio | 1.4x |
| Cash | US$9.42m |
| Equity | US$2.41b |
| Total liabilities | US$7.84b |
| Total assets | US$10.25b |
Recent financial health updates
Is PNM Resources (NYSE:PNM) Using Too Much Debt?
Dec 07
PNM Resources (NYSE:PNM) Has A Somewhat Strained Balance Sheet
Aug 23Does PNM Resources (NYSE:PNM) Have A Healthy Balance Sheet?
Mar 12Recent updates
PNM Resources: Medium Term Growth Potential But Less Financial Flexibility
Apr 07PNM Resources (NYSE:PNM) Is Due To Pay A Dividend Of $0.3875
Apr 03PNM Resources: No Merger, No Thank You
Jan 12PNM Resources (NYSE:PNM) Will Pay A Larger Dividend Than Last Year At $0.3875
Jan 02PNM Resources (NYSE:PNM) Will Pay A Larger Dividend Than Last Year At $0.3875
Dec 12Is PNM Resources (NYSE:PNM) Using Too Much Debt?
Dec 07Returns On Capital At PNM Resources (NYSE:PNM) Have Stalled
Oct 27PNM Resources: Exciting Initiatives Is Boosting The Bottom Line
Sep 30PNM Resources: Debate Hinges On Merger, Economic Value Absent Either Way
Sep 23Calculating The Fair Value Of PNM Resources, Inc. (NYSE:PNM)
Sep 18PNM Resources (NYSE:PNM) Has A Somewhat Strained Balance Sheet
Aug 23PNM Resources: High Valuation, Uncertain Backup Plan
Jun 14PNM Resources (NYSE:PNM) Ticks All The Boxes When It Comes To Earnings Growth
May 20Here's What To Make Of PNM Resources' (NYSE:PNM) Decelerating Rates Of Return
May 01PNM Resources' (NYSE:PNM) Shareholders Will Receive A Bigger Dividend Than Last Year
Apr 05PNM Resources beats FY top and bottom line estimates; narrows FY23 outlook
Feb 24PNM Resources cut to Neutral at Mizuho on likelihood of Avangrid deal close
Jan 09PNM Resources' (NYSE:PNM) Upcoming Dividend Will Be Larger Than Last Year's
Jan 02PNM Resources reports Q3 earnings beat; raises FY22 and reaffirms FY23 guidance
Nov 04PNM Resources declares $0.3475 dividend
Sep 16PNM Resources Non-GAAP EPS of $0.57 beats by $0.04, revenue of $499.73M beats by $54.37M, affirms FY earning guidance
Aug 04PNM Resources: Avangrid Merger Is Likely To Close
Jul 04PNM Resources: Renewables Path Uncertain But Don't Bet On Merger
Feb 08Avangrid-PNM merger deal wins OK from Nuclear Regulatory Commission
May 26PNM Resources reports Q1 results
Apr 30Does PNM Resources (NYSE:PNM) Have A Healthy Balance Sheet?
Mar 12Does PNM Resources' (NYSE:PNM) Statutory Profit Adequately Reflect Its Underlying Profit?
Feb 03PNM Resources, Inc. (NYSE:PNM) Delivered A Better ROE Than Its Industry
Dec 15
Financial Position Analysis
Short Term Liabilities: PNM's short term assets ($475.5M) do not cover its short term liabilities ($1.2B).
Long Term Liabilities: PNM's short term assets ($475.5M) do not cover its long term liabilities ($6.6B).
Debt to Equity History and Analysis
Debt Level: PNM's net debt to equity ratio (198.1%) is considered high.
Reducing Debt: PNM's debt to equity ratio has increased from 164.7% to 198.4% over the past 5 years.
Debt Coverage: PNM's debt is not well covered by operating cash flow (11.5%).
Interest Coverage: PNM's interest payments on its debt are not well covered by EBIT (1.4x coverage).