Philippine Racing Club Balance Sheet Health
Financial Health criteria checks 4/6
Philippine Racing Club has a total shareholder equity of ₱5.5B and total debt of ₱737.9M, which brings its debt-to-equity ratio to 13.5%. Its total assets and total liabilities are ₱7.6B and ₱2.1B respectively.
Key information
13.5%
Debt to equity ratio
₱737.93m
Debt
Interest coverage ratio | n/a |
Cash | ₱402.28m |
Equity | ₱5.48b |
Total liabilities | ₱2.08b |
Total assets | ₱7.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PRC's short term assets (₱3.3B) exceed its short term liabilities (₱1.1B).
Long Term Liabilities: PRC's short term assets (₱3.3B) exceed its long term liabilities (₱957.3M).
Debt to Equity History and Analysis
Debt Level: PRC's net debt to equity ratio (6.1%) is considered satisfactory.
Reducing Debt: PRC's debt to equity ratio has reduced from 25.5% to 13.5% over the past 5 years.
Debt Coverage: PRC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if PRC's interest payments on its debt are well covered by EBIT.