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.
Debt to equity ratio
|Interest coverage ratio||23.9x|
Recent financial health 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).