Manila Electric Balance Sheet Health
Financial Health criteria checks 3/6
Manila Electric has a total shareholder equity of ₱174.7B and total debt of ₱89.1B, which brings its debt-to-equity ratio to 51%. Its total assets and total liabilities are ₱588.5B and ₱413.8B respectively. Manila Electric's EBIT is ₱50.1B making its interest coverage ratio 54.4. It has cash and short-term investments of ₱74.7B.
Key information
51.0%
Debt to equity ratio
₱89.15b
Debt
| Interest coverage ratio | 54.4x |
| Cash | ₱74.69b |
| Equity | ₱174.70b |
| Total liabilities | ₱413.79b |
| Total assets | ₱588.49b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MER's short term assets (₱159.9B) do not cover its short term liabilities (₱227.1B).
Long Term Liabilities: MER's short term assets (₱159.9B) do not cover its long term liabilities (₱186.7B).
Debt to Equity History and Analysis
Debt Level: MER's net debt to equity ratio (8.3%) is considered satisfactory.
Reducing Debt: MER's debt to equity ratio has increased from 37.2% to 51% over the past 5 years.
Debt Coverage: MER's debt is well covered by operating cash flow (48%).
Interest Coverage: MER's interest payments on its debt are well covered by EBIT (54.4x coverage).