East Coast Vulcan Mining Balance Sheet Health
Financial Health criteria checks 4/6
East Coast Vulcan Mining has a total shareholder equity of ₱1.3B and total debt of ₱458.0M, which brings its debt-to-equity ratio to 34.6%. Its total assets and total liabilities are ₱2.4B and ₱1.1B respectively. East Coast Vulcan Mining's EBIT is ₱175.1M making its interest coverage ratio 7.4. It has cash and short-term investments of ₱8.1M.
Key information
34.6%
Debt to equity ratio
₱457.96m
Debt
Interest coverage ratio | 7.4x |
Cash | ₱8.08m |
Equity | ₱1.32b |
Total liabilities | ₱1.08b |
Total assets | ₱2.41b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ECVC's short term assets (₱1.2B) exceed its short term liabilities (₱983.6M).
Long Term Liabilities: ECVC's short term assets (₱1.2B) exceed its long term liabilities (₱98.9M).
Debt to Equity History and Analysis
Debt Level: ECVC's net debt to equity ratio (34%) is considered satisfactory.
Reducing Debt: ECVC's debt to equity ratio has increased from 0% to 34.6% over the past 5 years.
Debt Coverage: ECVC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ECVC's interest payments on its debt are well covered by EBIT (7.4x coverage).