I-Remit Balance Sheet Health
Financial Health criteria checks 4/6
I-Remit has a total shareholder equity of ₱444.9M and total debt of ₱996.0M, which brings its debt-to-equity ratio to 223.9%. Its total assets and total liabilities are ₱2.5B and ₱2.0B respectively.
Key information
223.9%
Debt to equity ratio
₱996.00m
Debt
Interest coverage ratio | n/a |
Cash | ₱488.62m |
Equity | ₱444.86m |
Total liabilities | ₱2.01b |
Total assets | ₱2.46b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: I's short term assets (₱1.9B) exceed its short term liabilities (₱1.9B).
Long Term Liabilities: I's short term assets (₱1.9B) exceed its long term liabilities (₱93.8M).
Debt to Equity History and Analysis
Debt Level: I's net debt to equity ratio (114.1%) is considered high.
Reducing Debt: I's debt to equity ratio has increased from 109.3% to 223.9% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: I has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: I has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 27.1% each year.