Manila Electric Balance Sheet Health
Financial Health criteria checks 3/6
Manila Electric has a total shareholder equity of ₱167.3B and total debt of ₱102.1B, which brings its debt-to-equity ratio to 61%. Its total assets and total liabilities are ₱586.0B and ₱418.7B respectively. Manila Electric's EBIT is ₱47.0B making its interest coverage ratio 34.1. It has cash and short-term investments of ₱90.3B.
Key information
61.0%
Debt to equity ratio
₱102.13b
Debt
Interest coverage ratio | 34.1x |
Cash | ₱90.33b |
Equity | ₱167.32b |
Total liabilities | ₱418.72b |
Total assets | ₱586.04b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MER's short term assets (₱162.8B) do not cover its short term liabilities (₱233.3B).
Long Term Liabilities: MER's short term assets (₱162.8B) do not cover its long term liabilities (₱185.5B).
Debt to Equity History and Analysis
Debt Level: MER's net debt to equity ratio (7%) is considered satisfactory.
Reducing Debt: MER's debt to equity ratio has increased from 40.8% to 61% over the past 5 years.
Debt Coverage: MER's debt is well covered by operating cash flow (56.8%).
Interest Coverage: MER's interest payments on its debt are well covered by EBIT (34.1x coverage).