Philippine Racing Club, Inc.

PSE:PRC Stock Report

Market Cap: ₱2.7b

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.


Balance Sheet


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