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PHX Minerals Balance Sheet 2024-2008 | PHX
Brief overview of PHX Minerals 's financial position
The review uses the five latest available annual reports between 2020 and 2024.
Assets advanced +63.9% to $163.9 million from $100 million; annual growth near 13.1% reflects a fast increase in scale.
Liabilities increased less than assets, posting +13.3% versus +63.9%. That relationship usually strengthens the balance sheet.
The equity ratio reached 74.4% from 63%. A high capital share reduces dependence on liabilities.
Each unit of equity supports about 0.23x of net debt. Dependence on debt remains comfortable.
The cash reserve occupies 1.4% of the balance sheet, previously 10.7%. It is one marker of short-term resilience.
Retained earnings reached $77.1 million, changing +37% over the period. A positive accumulated result supports equity.
What the balance sheet shows
PHX Minerals shows a high-quality balance sheet profile, with adequate internal capital and room for maneuver.
Annual Balance Sheet PHX Minerals
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
27.5 M | 32.2 M | 25.1 M | 15.2 M | 16.4 M | 29.3 M | 50.5 M | 51.7 M | 44 M | 64.4 M | 77.5 M | 5.4 M | 12.9 M | -3.51 M | - | - | - |
Long Term Debt |
29.5 M | 32.8 M | 28.3 M | 17.5 M | 27 M | 35.4 M | 51 M | 52.2 M | 44.5 M | 65 M | 78 M | 8.26 M | 14.9 M | - | - | - | - |
Long Term Debt Current |
248 K | 233 K | 213 K | 132 K | 127 K | - | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | - | - | - | - | 44.2 M | 72.2 M | 86.5 M | 78.5 M | 107 M | 118 M | 41.9 M | 43.7 M | 26.7 M | - | - | - |
Total Current Liabilities |
3.24 M | 2.01 M | 11.3 M | 15.1 M | 4.45 M | 3.1 M | 5.74 M | 3.54 M | 4.47 M | 4.88 M | 9.45 M | 10.3 M | 7.63 M | 5.95 M | 7.26 M | - | - |
Total Liabilities |
42 M | 43.3 M | 44.7 M | 38.3 M | 37 M | 47.3 M | 78 M | 90 M | 82.9 M | 112 M | 127 M | 52.2 M | 51.3 M | 32.6 M | - | - | - |
Deferred Revenue |
625 K | 529 K | 263 K | 276 K | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
77.1 M | 80 M | 67.1 M | 49 M | 56.2 M | 81.8 M | 125 M | 113 M | 112 M | 125 M | 119 M | 96.5 M | 84.8 M | 79.8 M | 73.6 M | - | - |
Total Assets |
164 M | 167 M | 153 M | 117 M | 100 M | 127 M | 207 M | 207 M | 198 M | 239 M | 247 M | 148 M | 135 M | 111 M | 105 M | - | - |
Cash and Cash Equivalents |
2.24 M | 806 K | 3.4 M | 2.44 M | 10.7 M | 6.16 M | 533 K | 558 K | 471 K | 604 K | 510 K | 2.87 M | 1.98 M | 3.51 M | 5.6 M | 640 K | 896 K |
Book Value |
122 M | 123 M | 108 M | 78.7 M | 63 M | 79.3 M | 129 M | 117 M | 115 M | 127 M | 119 M | 95.7 M | 83.9 M | 78.8 M | 105 M | - | - |
Total Shareholders Equity |
122 M | 123 M | 110 M | 78.7 M | 63 M | 79.3 M | 129 M | 117 M | 115 M | 127 M | 119 M | 95.7 M | 83.9 M | 78.8 M | 73.6 M | 64.1 M | 68.3 M |
All numbers in USD currency
Quarterly Balance Sheet PHX Minerals
| 2025-Q1 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
19.8 M | 27.8 M | 28.8 M | 30.8 M | 30.8 M | 23.8 M | 26 M | 33.3 M | - | 28.3 M | 24 M | 20 M | 17.5 M | 19.9 M | 17.5 M | 27 M | 27 M | 27 M | 27 M | 35 M | 35.4 M | 35.4 M | 35.4 M | 41.5 M | 51 M | 51 M | 51 M | 50.4 M | 52.2 M | 52.2 M | 52.2 M | 44.1 M | 44.5 M | 44.5 M | 44.5 M | 57 M | 65 M | 65 M | 65 M | 78.7 M | 78 M | 78 M | 78 M | 6 M | 8.26 M | 8.26 M | 8.26 M | 14.5 M | 14.9 M | 14.9 M | 14.9 M | 14.5 M | - | - | - |
Total Liabilities |
35.5 M | 39.2 M | 39.8 M | 41.4 M | 41.1 M | 32.7 M | 35.7 M | 44.6 M | - | 45.4 M | 45.6 M | 33.5 M | 38.3 M | 34.5 M | 38.3 M | - | 37 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Deferred Revenue |
- | - | - | - | - | - | - | - | - | - | - | - | 276 K | - | - | - | 281 K | - | - | - | 397 K | - | - | - | 254 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
79.9 M | 78.5 M | 78.9 M | 78.7 M | 78.6 M | 77.6 M | 78.4 M | 68.9 M | - | 58.7 M | 50.8 M | 54.8 M | 49 M | 53 M | 49 M | 55.2 M | 56.2 M | 56.2 M | 56.2 M | 82.4 M | 81.8 M | 81.8 M | 81.8 M | 137 M | 125 M | 125 M | 125 M | 126 M | 113 M | 113 M | 113 M | 109 M | 112 M | 112 M | 112 M | 121 M | 125 M | 125 M | 125 M | 128 M | 119 M | 119 M | 119 M | 100 M | 96.5 M | 96.5 M | 96.5 M | 85.8 M | 84.8 M | 84.8 M | 84.8 M | 82 M | 79.8 M | 79.8 M | 79.8 M |
Total Assets |
161 M | 163 M | 163 M | 164 M | 163 M | 153 M | 156 M | 155 M | - | 143 M | 130 M | 122 M | 117 M | 110 M | 117 M | 97.9 M | 100 M | 100 M | 100 M | 127 M | 127 M | 127 M | 127 M | 209 M | 207 M | 207 M | 207 M | 204 M | 207 M | 207 M | 207 M | 197 M | 198 M | 198 M | 198 M | 225 M | 239 M | 239 M | 239 M | 260 M | 247 M | 247 M | 247 M | 150 M | 148 M | 148 M | 148 M | 134 M | 135 M | 135 M | 135 M | 128 M | 111 M | 111 M | 111 M |
Cash and Cash Equivalents |
2.54 M | 2.6 M | 2.27 M | 1.63 M | 1.24 M | 1.27 M | 1.16 M | 2.12 M | - | 4.49 M | 1.7 M | 1.56 M | 2.44 M | 2.91 M | 2.44 M | 1.16 M | 10.7 M | 10.7 M | 10.7 M | 269 K | 6.16 M | 6.16 M | 6.16 M | 456 K | 533 K | 533 K | 533 K | 568 K | 558 K | 558 K | 558 K | 485 K | 471 K | 471 K | 485 K | 1.5 M | 604 K | 604 K | 1.5 M | 520 K | 510 K | 510 K | 520 K | 295 K | 2.87 M | 2.87 M | 295 K | 986 K | 1.98 M | 1.98 M | 986 K | 1.94 M | 3.51 M | 3.51 M | 1.94 M |
Book Value |
126 M | 124 M | 123 M | 123 M | 122 M | 120 M | 120 M | 110 M | - | 98 M | 84.7 M | 88.3 M | 78.7 M | 75.3 M | 78.7 M | 97.9 M | 63 M | 100 M | 100 M | 127 M | 127 M | 127 M | 127 M | 209 M | 207 M | 207 M | 207 M | 204 M | 207 M | 207 M | 207 M | 197 M | 198 M | 198 M | 198 M | 225 M | 239 M | 239 M | 239 M | 260 M | 247 M | 247 M | 247 M | 150 M | 148 M | 148 M | 148 M | 134 M | 135 M | 135 M | 135 M | 128 M | 111 M | 111 M | 111 M |
Total Shareholders Equity |
126 M | 124 M | 123 M | 123 M | 122 M | 120 M | 120 M | 110 M | 108 M | 98 M | 84.7 M | 88.3 M | 78.7 M | 75.3 M | 61.7 M | 62.3 M | 63 M | 62.3 M | 62.3 M | 80.1 M | 80.1 M | 80.1 M | 80.1 M | 139 M | 139 M | 139 M | 139 M | 129 M | 117 M | 117 M | 129 M | 111 M | 115 M | 115 M | 111 M | 123 M | 127 M | 127 M | 123 M | 128 M | 119 M | 119 M | 128 M | 99.4 M | 95.7 M | 95.7 M | 99.4 M | 85.1 M | 83.9 M | 83.9 M | 85.1 M | 81.2 M | 78.8 M | 78.8 M | 81.2 M |
All numbers in USD currency
Balance Sheet is a fundamental financial report of PHX Minerals , providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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