Citicore Energy REIT Financial Health
Financial Health criteria checks 4/6
Citicore Energy REIT has a total shareholder equity of ₱4.3B and total debt of ₱4.5B, which brings its debt-to-equity ratio to 104%. Its total assets and total liabilities are ₱9.6B and ₱5.3B respectively. Citicore Energy REIT's EBIT is ₱1.3B making its interest coverage ratio 23.9. It has cash and short-term investments of ₱2.6B.
Key information
104.0%
Debt to equity ratio
₱4.50b
Debt
| Interest coverage ratio | 23.9x |
| Cash | ₱2.59b |
| Equity | ₱4.33b |
| Total liabilities | ₱5.30b |
| Total assets | ₱9.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CREIT's short term assets (₱2.6B) exceed its short term liabilities (₱489.1M).
Long Term Liabilities: CREIT's short term assets (₱2.6B) do not cover its long term liabilities (₱4.8B).
Debt to Equity History and Analysis
Debt Level: CREIT's net debt to equity ratio (44.2%) is considered high.
Reducing Debt: CREIT's debt to equity ratio has reduced from 409.3% to 104% over the past 5 years.
Debt Coverage: CREIT's debt is well covered by operating cash flow (27.4%).
Interest Coverage: CREIT's interest payments on its debt are well covered by EBIT (23.9x coverage).