Citicore Energy REIT Balance Sheet Health
Financial Health criteria checks 4/6
Citicore Energy REIT has a total shareholder equity of ₱4.5B and total debt of ₱4.5B, which brings its debt-to-equity ratio to 99.8%. Its total assets and total liabilities are ₱9.7B and ₱5.3B respectively. Citicore Energy REIT's EBIT is ₱1.7B making its interest coverage ratio 5.8. It has cash and short-term investments of ₱616.9M.
Key information
99.8%
Debt to equity ratio
₱4.46b
Debt
Interest coverage ratio | 5.8x |
Cash | ₱616.86m |
Equity | ₱4.47b |
Total liabilities | ₱5.25b |
Total assets | ₱9.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CREIT's short term assets (₱882.9M) exceed its short term liabilities (₱425.6M).
Long Term Liabilities: CREIT's short term assets (₱882.9M) do not cover its long term liabilities (₱4.8B).
Debt to Equity History and Analysis
Debt Level: CREIT's net debt to equity ratio (86%) is considered high.
Reducing Debt: CREIT's debt to equity ratio has reduced from 321.7% to 99.8% over the past 5 years.
Debt Coverage: CREIT's debt is well covered by operating cash flow (30.1%).
Interest Coverage: CREIT's interest payments on its debt are well covered by EBIT (5.8x coverage).