Promigas E.S.P Balance Sheet Health
Financial Health criteria checks 2/6
Promigas E.S.P has a total shareholder equity of COP6,268.2B and total debt of COP8,560.6B, which brings its debt-to-equity ratio to 136.6%. Its total assets and total liabilities are COP19,072.3B and COP12,804.1B respectively. Promigas E.S.P's EBIT is COP1,861.9B making its interest coverage ratio 2.5. It has cash and short-term investments of COP867.3B.
Key information
136.6%
Debt to equity ratio
Col$8.56t
Debt
| Interest coverage ratio | 2.5x |
| Cash | Col$867.33b |
| Equity | Col$6.27t |
| Total liabilities | Col$12.80t |
| Total assets | Col$19.07t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PROMIGAS's short term assets (COP3,348.6B) exceed its short term liabilities (COP2,794.1B).
Long Term Liabilities: PROMIGAS's short term assets (COP3,348.6B) do not cover its long term liabilities (COP10,010.0B).
Debt to Equity History and Analysis
Debt Level: PROMIGAS's net debt to equity ratio (122.7%) is considered high.
Reducing Debt: PROMIGAS's debt to equity ratio has reduced from 142.2% to 136.6% over the past 5 years.
Debt Coverage: PROMIGAS's debt is not well covered by operating cash flow (7.6%).
Interest Coverage: PROMIGAS's interest payments on its debt are not well covered by EBIT (2.5x coverage).