Macay Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Macay Holdings has a total shareholder equity of ₱4.8B and total debt of ₱1.5B, which brings its debt-to-equity ratio to 31.3%. Its total assets and total liabilities are ₱7.0B and ₱2.2B respectively. Macay Holdings's EBIT is ₱685.8M making its interest coverage ratio 7.6. It has cash and short-term investments of ₱875.6M.
Key information
31.3%
Debt to equity ratio
₱1.50b
Debt
| Interest coverage ratio | 7.6x |
| Cash | ₱875.60m |
| Equity | ₱4.79b |
| Total liabilities | ₱2.20b |
| Total assets | ₱6.99b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MACAY's short term assets (₱2.6B) exceed its short term liabilities (₱1.1B).
Long Term Liabilities: MACAY's short term assets (₱2.6B) exceed its long term liabilities (₱1.1B).
Debt to Equity History and Analysis
Debt Level: MACAY's net debt to equity ratio (13%) is considered satisfactory.
Reducing Debt: MACAY's debt to equity ratio has increased from 0.5% to 31.3% over the past 5 years.
Debt Coverage: MACAY's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MACAY's interest payments on its debt are well covered by EBIT (7.6x coverage).