Philippine Racing Club Balance Sheet Health
Financial Health criteria checks 5/6
Philippine Racing Club has a total shareholder equity of ₱5.5B and total debt of ₱693.5M, which brings its debt-to-equity ratio to 12.6%. Its total assets and total liabilities are ₱7.5B and ₱1.9B respectively. Philippine Racing Club's EBIT is ₱376.0M making its interest coverage ratio 62.4. It has cash and short-term investments of ₱640.7M.
Key information
12.6%
Debt to equity ratio
₱693.47m
Debt
Interest coverage ratio | 62.4x |
Cash | ₱640.70m |
Equity | ₱5.52b |
Total liabilities | ₱1.93b |
Total assets | ₱7.45b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PRC's short term assets (₱3.5B) exceed its short term liabilities (₱1.1B).
Long Term Liabilities: PRC's short term assets (₱3.5B) exceed its long term liabilities (₱825.6M).
Debt to Equity History and Analysis
Debt Level: PRC's net debt to equity ratio (1%) is considered satisfactory.
Reducing Debt: PRC's debt to equity ratio has reduced from 44.5% to 12.6% over the past 5 years.
Debt Coverage: PRC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PRC's interest payments on its debt are well covered by EBIT (62.4x coverage).