Macay Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Macay Holdings has a total shareholder equity of ₱6.6B and total debt of ₱1.6B, which brings its debt-to-equity ratio to 24.7%. Its total assets and total liabilities are ₱12.1B and ₱5.5B respectively. Macay Holdings's EBIT is ₱584.7M making its interest coverage ratio 5.6. It has cash and short-term investments of ₱840.4M.
Key information
24.7%
Debt to equity ratio
₱1.63b
Debt
Interest coverage ratio | 5.6x |
Cash | ₱840.40m |
Equity | ₱6.60b |
Total liabilities | ₱5.53b |
Total assets | ₱12.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MACAY's short term assets (₱2.5B) exceed its short term liabilities (₱1.3B).
Long Term Liabilities: MACAY's short term assets (₱2.5B) do not cover its long term liabilities (₱4.3B).
Debt to Equity History and Analysis
Debt Level: MACAY's net debt to equity ratio (11.9%) is considered satisfactory.
Reducing Debt: MACAY's debt to equity ratio has increased from 0.8% to 24.7% over the past 5 years.
Debt Coverage: MACAY's debt is well covered by operating cash flow (81%).
Interest Coverage: MACAY's interest payments on its debt are well covered by EBIT (5.6x coverage).