Cebu Air Balance Sheet Health
Financial Health criteria checks 1/6
Cebu Air has a total shareholder equity of ₱8.3B and total debt of ₱57.8B, which brings its debt-to-equity ratio to 696%. Its total assets and total liabilities are ₱205.5B and ₱197.2B respectively. Cebu Air's EBIT is ₱11.2B making its interest coverage ratio 2. It has cash and short-term investments of ₱15.3B.
Key information
696.0%
Debt to equity ratio
₱57.78b
Debt
| Interest coverage ratio | 2x |
| Cash | ₱15.32b |
| Equity | ₱8.30b |
| Total liabilities | ₱197.20b |
| Total assets | ₱205.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CEB's short term assets (₱29.3B) do not cover its short term liabilities (₱61.9B).
Long Term Liabilities: CEB's short term assets (₱29.3B) do not cover its long term liabilities (₱135.3B).
Debt to Equity History and Analysis
Debt Level: CEB's net debt to equity ratio (511.5%) is considered high.
Reducing Debt: CEB's debt to equity ratio has increased from 109.7% to 696% over the past 5 years.
Debt Coverage: CEB's debt is well covered by operating cash flow (28.8%).
Interest Coverage: CEB's interest payments on its debt are not well covered by EBIT (2x coverage).