Cirtek Holdings Philippines Balance Sheet Health
Financial Health criteria checks 6/6
Cirtek Holdings Philippines has a total shareholder equity of $211.0M and total debt of $34.9M, which brings its debt-to-equity ratio to 16.5%. Its total assets and total liabilities are $273.3M and $62.4M respectively. Cirtek Holdings Philippines's EBIT is $10.6M making its interest coverage ratio 3. It has cash and short-term investments of $23.8M.
Key information
16.5%
Debt to equity ratio
US$34.89m
Debt
| Interest coverage ratio | 3x |
| Cash | US$23.83m |
| Equity | US$210.98m |
| Total liabilities | US$62.35m |
| Total assets | US$273.33m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TCB2D's short term assets ($127.1M) exceed its short term liabilities ($35.9M).
Long Term Liabilities: TCB2D's short term assets ($127.1M) exceed its long term liabilities ($26.4M).
Debt to Equity History and Analysis
Debt Level: TCB2D's net debt to equity ratio (5.2%) is considered satisfactory.
Reducing Debt: TCB2D's debt to equity ratio has reduced from 106% to 16.5% over the past 5 years.
Debt Coverage: TCB2D's debt is well covered by operating cash flow (112.9%).
Interest Coverage: TCB2D's interest payments on its debt are well covered by EBIT (3x coverage).