Chemical Industries of the Philippines Balance Sheet Health
Financial Health criteria checks 1/6
Chemical Industries of the Philippines has a total shareholder equity of ₱1.5B and total debt of ₱1.3B, which brings its debt-to-equity ratio to 88.2%. Its total assets and total liabilities are ₱3.4B and ₱1.9B respectively. Chemical Industries of the Philippines's EBIT is ₱520.9M making its interest coverage ratio 39.2. It has cash and short-term investments of ₱59.9M.
Key information
88.2%
Debt to equity ratio
₱1.28b
Debt
| Interest coverage ratio | 39.2x |
| Cash | ₱59.92m |
| Equity | ₱1.45b |
| Total liabilities | ₱1.92b |
| Total assets | ₱3.37b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CIP's short term assets (₱202.3M) do not cover its short term liabilities (₱766.5M).
Long Term Liabilities: CIP's short term assets (₱202.3M) do not cover its long term liabilities (₱1.2B).
Debt to Equity History and Analysis
Debt Level: CIP's net debt to equity ratio (84%) is considered high.
Reducing Debt: CIP's debt to equity ratio has increased from 0% to 88.2% over the past 5 years.
Debt Coverage: CIP's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: CIP's interest payments on its debt are well covered by EBIT (39.2x coverage).