Philippine Racing Club Balance Sheet Health
Financial Health criteria checks 5/6
Philippine Racing Club has a total shareholder equity of ₱5.6B and total debt of ₱702.1M, which brings its debt-to-equity ratio to 12.5%. Its total assets and total liabilities are ₱7.6B and ₱2.0B respectively. Philippine Racing Club's EBIT is ₱150.7M making its interest coverage ratio -30.4. It has cash and short-term investments of ₱460.3M.
Key information
12.5%
Debt to equity ratio
₱702.08m
Debt
Interest coverage ratio | -30.4x |
Cash | ₱460.32m |
Equity | ₱5.63b |
Total liabilities | ₱2.02b |
Total assets | ₱7.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PRC's short term assets (₱3.4B) exceed its short term liabilities (₱1.1B).
Long Term Liabilities: PRC's short term assets (₱3.4B) exceed its long term liabilities (₱949.1M).
Debt to Equity History and Analysis
Debt Level: PRC's net debt to equity ratio (4.3%) is considered satisfactory.
Reducing Debt: PRC's debt to equity ratio has reduced from 29.1% to 12.5% over the past 5 years.
Debt Coverage: PRC's debt is not well covered by operating cash flow (7.6%).
Interest Coverage: PRC earns more interest than it pays, so coverage of interest payments is not a concern.