Medilines Distributors Balance Sheet Health
Financial Health criteria checks 5/6
Medilines Distributors has a total shareholder equity of ₱2.2B and total debt of ₱400.0M, which brings its debt-to-equity ratio to 18.6%. Its total assets and total liabilities are ₱3.8B and ₱1.7B respectively. Medilines Distributors's EBIT is ₱105.1M making its interest coverage ratio -13.6. It has cash and short-term investments of ₱95.9M.
Key information
18.6%
Debt to equity ratio
₱400.00m
Debt
Interest coverage ratio | -13.6x |
Cash | ₱95.95m |
Equity | ₱2.15b |
Total liabilities | ₱1.68b |
Total assets | ₱3.83b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MEDIC's short term assets (₱3.6B) exceed its short term liabilities (₱1.7B).
Long Term Liabilities: MEDIC's short term assets (₱3.6B) exceed its long term liabilities (₱1.8M).
Debt to Equity History and Analysis
Debt Level: MEDIC's net debt to equity ratio (14.1%) is considered satisfactory.
Reducing Debt: MEDIC's debt to equity ratio has reduced from 66% to 18.6% over the past 5 years.
Debt Coverage: MEDIC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MEDIC earns more interest than it pays, so coverage of interest payments is not a concern.