Parex Resources Inc.

Toronto Stock Exchange PXT.TO

Parex Resources Inc. Interest Coverage Ratio for the year ending December 31, 2023: 2,342.44

Parex Resources Inc. Interest Coverage Ratio is 2,342.44 for the year ending December 31, 2023, a -76.67% change year over year. Interest coverage ratio assesses earnings' ability to cover interest expenses; higher ratios signal lower risk.

Parex Resources Inc. Interest Coverage Ratio for the year ending December 31, 2022 was 10,040.58, a -86.05% change year over year.
Parex Resources Inc. Interest Coverage Ratio for the year ending December 31, 2021 was 71,974.57, a 2,141.36% change year over year.
Parex Resources Inc. Interest Coverage Ratio for the year ending December 31, 2020 was 3,211.20, a -36.89% change year over year.
Parex Resources Inc. Interest Coverage Ratio for the year ending December 31, 2019 was 5,088.52, a 4,794.02% change year over year.

Key data

Date	Interest Coverage Ratio	Debt to Equity Ratio	Interest Expense To Sales	Inventory Turnover Ratio

Toronto Stock Exchange: PXT.TO

Parex Resources Inc.

CEO	Mr. Imad Mohsen
IPO Date	Jan. 24, 2012
Location	Canada
Headquarters	West Tower
Employees	449
Sector	Energy
Industries Oil & Gas Drilling Offshore Drilling Oil Extraction Oil Sands Petrochemicals

Description

Parex Resources Inc. engages in the exploration, development, production of oil and natural gas in Colombia. The company holds interests in onshore exploration and production blocks totaling approximately 6,521,632 gross acres. As of December 31, 2021, it had proved plus probable reserves of 198,825 million barrels of oil equivalent. The company was incorporated in 2009 and is headquartered in Calgary, Canada.

Key trends

Past 5 years