Converge Information and Communications Technology Solutions Balance Sheet Health
Financial Health criteria checks 2/6
Converge Information and Communications Technology Solutions has a total shareholder equity of ₱45.2B and total debt of ₱35.2B, which brings its debt-to-equity ratio to 77.9%. Its total assets and total liabilities are ₱101.1B and ₱55.9B respectively. Converge Information and Communications Technology Solutions's EBIT is ₱14.5B making its interest coverage ratio 8.6. It has cash and short-term investments of ₱13.7B.
Key information
77.9%
Debt to equity ratio
₱35.24b
Debt
Interest coverage ratio | 8.6x |
Cash | ₱13.69b |
Equity | ₱45.25b |
Total liabilities | ₱55.90b |
Total assets | ₱101.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CNVRG's short term assets (₱22.2B) do not cover its short term liabilities (₱23.9B).
Long Term Liabilities: CNVRG's short term assets (₱22.2B) do not cover its long term liabilities (₱32.0B).
Debt to Equity History and Analysis
Debt Level: CNVRG's net debt to equity ratio (47.6%) is considered high.
Reducing Debt: CNVRG's debt to equity ratio has increased from 60.6% to 77.9% over the past 5 years.
Debt Coverage: CNVRG's debt is well covered by operating cash flow (50%).
Interest Coverage: CNVRG's interest payments on its debt are well covered by EBIT (8.6x coverage).