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 ratio | 42.8x |
| 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).