Converge Information and Communications Technology Solutions Balance Sheet Health
Financial Health criteria checks 4/6
Converge Information and Communications Technology Solutions has a total shareholder equity of ₱52.1B and total debt of ₱30.9B, which brings its debt-to-equity ratio to 59.3%. Its total assets and total liabilities are ₱105.4B and ₱53.3B respectively. Converge Information and Communications Technology Solutions's EBIT is ₱16.8B making its interest coverage ratio 10.7. It has cash and short-term investments of ₱16.9B.
Key information
59.3%
Debt to equity ratio
₱30.90b
Debt
| Interest coverage ratio | 10.7x |
| Cash | ₱16.88b |
| Equity | ₱52.10b |
| Total liabilities | ₱53.33b |
| Total assets | ₱105.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CNVRG's short term assets (₱26.3B) do not cover its short term liabilities (₱26.5B).
Long Term Liabilities: CNVRG's short term assets (₱26.3B) do not cover its long term liabilities (₱26.9B).
Debt to Equity History and Analysis
Debt Level: CNVRG's net debt to equity ratio (26.9%) is considered satisfactory.
Reducing Debt: CNVRG's debt to equity ratio has reduced from 64.6% to 59.3% over the past 5 years.
Debt Coverage: CNVRG's debt is well covered by operating cash flow (72.6%).
Interest Coverage: CNVRG's interest payments on its debt are well covered by EBIT (10.7x coverage).