Italpinas Development Balance Sheet Health
Financial Health criteria checks 3/6
Italpinas Development has a total shareholder equity of ₱1.3B and total debt of ₱1.0B, which brings its debt-to-equity ratio to 80.2%. Its total assets and total liabilities are ₱3.7B and ₱2.5B respectively. Italpinas Development's EBIT is ₱19.9M making its interest coverage ratio 4.7. It has cash and short-term investments of ₱231.7M.
Key information
80.2%
Debt to equity ratio
₱1.00b
Debt
Interest coverage ratio | 4.7x |
Cash | ₱231.70m |
Equity | ₱1.25b |
Total liabilities | ₱2.47b |
Total assets | ₱3.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IDC's short term assets (₱2.6B) exceed its short term liabilities (₱1.6B).
Long Term Liabilities: IDC's short term assets (₱2.6B) exceed its long term liabilities (₱836.3M).
Debt to Equity History and Analysis
Debt Level: IDC's net debt to equity ratio (61.7%) is considered high.
Reducing Debt: IDC's debt to equity ratio has increased from 76.1% to 80.2% over the past 5 years.
Debt Coverage: IDC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: IDC's interest payments on its debt are well covered by EBIT (4.7x coverage).