San Miguel Balance Sheet Health
Financial Health criteria checks 1/6
San Miguel has a total shareholder equity of ₱665.2B and total debt of ₱1,405.9B, which brings its debt-to-equity ratio to 211.4%. Its total assets and total liabilities are ₱2,459.4B and ₱1,794.2B respectively. San Miguel's EBIT is ₱146.6B making its interest coverage ratio 2. It has cash and short-term investments of ₱262.9B.
Key information
211.4%
Debt to equity ratio
₱1.41t
Debt
Interest coverage ratio | 2x |
Cash | ₱262.92b |
Equity | ₱665.17b |
Total liabilities | ₱1.79t |
Total assets | ₱2.46t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SMC's short term assets (₱831.4B) exceed its short term liabilities (₱745.2B).
Long Term Liabilities: SMC's short term assets (₱831.4B) do not cover its long term liabilities (₱1,049.0B).
Debt to Equity History and Analysis
Debt Level: SMC's net debt to equity ratio (171.8%) is considered high.
Reducing Debt: SMC's debt to equity ratio has increased from 156.7% to 211.4% over the past 5 years.
Debt Coverage: SMC's debt is not well covered by operating cash flow (5.9%).
Interest Coverage: SMC's interest payments on its debt are not well covered by EBIT (2x coverage).