Promigas E.S.P Balance Sheet Health
Financial Health criteria checks 1/6
Promigas E.S.P has a total shareholder equity of COP6,131.8B and total debt of COP8,267.0B, which brings its debt-to-equity ratio to 134.8%. Its total assets and total liabilities are COP18,015.0B and COP11,883.2B respectively. Promigas E.S.P's EBIT is COP1,675.6B making its interest coverage ratio 2.2. It has cash and short-term investments of COP992.3B.
Key information
134.8%
Debt to equity ratio
Col$8.27t
Debt
Interest coverage ratio | 2.2x |
Cash | Col$992.28b |
Equity | Col$6.13t |
Total liabilities | Col$11.88t |
Total assets | Col$18.02t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PROMIGAS's short term assets (COP3,043.0B) exceed its short term liabilities (COP2,064.4B).
Long Term Liabilities: PROMIGAS's short term assets (COP3,043.0B) do not cover its long term liabilities (COP9,818.9B).
Debt to Equity History and Analysis
Debt Level: PROMIGAS's net debt to equity ratio (118.6%) is considered high.
Reducing Debt: PROMIGAS's debt to equity ratio has increased from 132.9% to 134.8% over the past 5 years.
Debt Coverage: PROMIGAS's debt is not well covered by operating cash flow (4.8%).
Interest Coverage: PROMIGAS's interest payments on its debt are not well covered by EBIT (2.2x coverage).