Solid Group Balance Sheet Health
Financial Health criteria checks 5/6
Solid Group has a total shareholder equity of ₱12.5B and total debt of ₱500.0M, which brings its debt-to-equity ratio to 4%. Its total assets and total liabilities are ₱14.7B and ₱2.3B respectively. Solid Group's EBIT is ₱308.9M making its interest coverage ratio -3. It has cash and short-term investments of ₱3.1B.
Key information
4.0%
Debt to equity ratio
₱500.00m
Debt
| Interest coverage ratio | -3x |
| Cash | ₱3.13b |
| Equity | ₱12.49b |
| Total liabilities | ₱2.26b |
| Total assets | ₱14.75b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SGI's short term assets (₱4.9B) exceed its short term liabilities (₱528.6M).
Long Term Liabilities: SGI's short term assets (₱4.9B) exceed its long term liabilities (₱1.7B).
Debt to Equity History and Analysis
Debt Level: SGI has more cash than its total debt.
Reducing Debt: SGI's debt to equity ratio has increased from 0.7% to 4% over the past 5 years.
Debt Coverage: SGI's debt is well covered by operating cash flow (508.1%).
Interest Coverage: SGI earns more interest than it pays, so coverage of interest payments is not a concern.