Citicore Renewable Energy Balance Sheet Health
Financial Health criteria checks 1/6
Citicore Renewable Energy has a total shareholder equity of ₱8.6B and total debt of ₱11.7B, which brings its debt-to-equity ratio to 136%. Its total assets and total liabilities are ₱22.3B and ₱13.7B respectively. Citicore Renewable Energy's EBIT is ₱1.1B making its interest coverage ratio 3. It has cash and short-term investments of ₱2.4B.
Key information
136.0%
Debt to equity ratio
₱11.72b
Debt
Interest coverage ratio | 3x |
Cash | ₱2.40b |
Equity | ₱8.62b |
Total liabilities | ₱13.68b |
Total assets | ₱22.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CREC's short term assets (₱7.7B) exceed its short term liabilities (₱1.6B).
Long Term Liabilities: CREC's short term assets (₱7.7B) do not cover its long term liabilities (₱12.1B).
Debt to Equity History and Analysis
Debt Level: CREC's net debt to equity ratio (108.1%) is considered high.
Reducing Debt: Insufficient data to determine if CREC's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: CREC's debt is not well covered by operating cash flow (7.7%).
Interest Coverage: CREC's interest payments on its debt are not well covered by EBIT (3x coverage).