Premiere Island Power Reit Balance Sheet Health
Financial Health criteria checks 4/6
Premiere Island Power Reit has a total shareholder equity of ₱9.0B and total debt of ₱365.8M, which brings its debt-to-equity ratio to 4.1%. Its total assets and total liabilities are ₱9.6B and ₱566.6M respectively. Premiere Island Power Reit's EBIT is ₱559.3M making its interest coverage ratio 1419.2. It has cash and short-term investments of ₱1.9M.
Key information
4.1%
Debt to equity ratio
₱365.81m
Debt
| Interest coverage ratio | 1419.2x |
| Cash | ₱1.86m |
| Equity | ₱9.01b |
| Total liabilities | ₱566.64m |
| Total assets | ₱9.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PREIT's short term assets (₱858.1M) exceed its short term liabilities (₱494.2M).
Long Term Liabilities: PREIT's short term assets (₱858.1M) exceed its long term liabilities (₱72.4M).
Debt to Equity History and Analysis
Debt Level: PREIT's net debt to equity ratio (4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if PREIT's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: PREIT's debt is not well covered by operating cash flow (11.5%).
Interest Coverage: PREIT's interest payments on its debt are well covered by EBIT (1419.2x coverage).