Manila Electric Balance Sheet Health

Financial Health criteria checks 3/6

Manila Electric has a total shareholder equity of ₱181.6B and total debt of ₱98.0B, which brings its debt-to-equity ratio to 54%. Its total assets and total liabilities are ₱631.4B and ₱449.8B respectively. Manila Electric's EBIT is ₱49.1B making its interest coverage ratio 42.8. It has cash and short-term investments of ₱89.8B.

Key information

54.0%

Debt to equity ratio

₱98.04b

Debt

Interest coverage ratio42.8x
Cash₱89.84b
Equity₱181.60b
Total liabilities₱449.75b
Total assets₱631.35b

Recent financial health updates

Recent updates

Financial Position Analysis

Short Term Liabilities: MER's short term assets (₱178.0B) do not cover its short term liabilities (₱253.5B).

Long Term Liabilities: MER's short term assets (₱178.0B) do not cover its long term liabilities (₱196.3B).


Debt to Equity History and Analysis

Debt Level: MER's net debt to equity ratio (4.5%) is considered satisfactory.

Reducing Debt: MER's debt to equity ratio has increased from 37.4% to 54% over the past 5 years.

Debt Coverage: MER's debt is well covered by operating cash flow (73.6%).

Interest Coverage: MER's interest payments on its debt are well covered by EBIT (42.8x coverage).


Balance Sheet


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