Corporacion Aceros Arequipa Balance Sheet Health
Financial Health criteria checks 3/6
Corporacion Aceros Arequipa has a total shareholder equity of PEN2.8B and total debt of PEN1.8B, which brings its debt-to-equity ratio to 63.5%. Its total assets and total liabilities are PEN6.2B and PEN3.4B respectively. Corporacion Aceros Arequipa's EBIT is PEN284.6M making its interest coverage ratio 2. It has cash and short-term investments of PEN554.9M.
Key information
63.5%
Debt to equity ratio
S/1.77b
Debt
Interest coverage ratio | 2x |
Cash | S/554.95m |
Equity | S/2.79b |
Total liabilities | S/3.40b |
Total assets | S/6.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CORAREI1's short term assets (PEN2.5B) exceed its short term liabilities (PEN1.9B).
Long Term Liabilities: CORAREI1's short term assets (PEN2.5B) exceed its long term liabilities (PEN1.5B).
Debt to Equity History and Analysis
Debt Level: CORAREI1's net debt to equity ratio (43.6%) is considered high.
Reducing Debt: CORAREI1's debt to equity ratio has increased from 44.1% to 63.5% over the past 5 years.
Debt Coverage: CORAREI1's debt is well covered by operating cash flow (63.1%).
Interest Coverage: CORAREI1's interest payments on its debt are not well covered by EBIT (2x coverage).