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2GO Group Balance Sheet Health
Financial Health criteria checks 2/6
2GO Group has a total shareholder equity of ₱1.2B and total debt of ₱6.2B, which brings its debt-to-equity ratio to 519.4%. Its total assets and total liabilities are ₱14.6B and ₱13.4B respectively. 2GO Group's EBIT is ₱985.7M making its interest coverage ratio 2. It has cash and short-term investments of ₱1.3B.
Key information
519.4%
Debt to equity ratio
₱6.15b
Debt
| Interest coverage ratio | 2x |
| Cash | ₱1.33b |
| Equity | ₱1.18b |
| Total liabilities | ₱13.41b |
| Total assets | ₱14.60b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2GO's short term assets (₱6.9B) do not cover its short term liabilities (₱11.3B).
Long Term Liabilities: 2GO's short term assets (₱6.9B) exceed its long term liabilities (₱2.1B).
Debt to Equity History and Analysis
Debt Level: 2GO's net debt to equity ratio (407.2%) is considered high.
Reducing Debt: 2GO's debt to equity ratio has increased from 138.9% to 519.4% over the past 5 years.
Debt Coverage: 2GO's debt is well covered by operating cash flow (44.8%).
Interest Coverage: 2GO's interest payments on its debt are not well covered by EBIT (2x coverage).