SP New Energy Balance Sheet Health
Financial Health criteria checks 4/6
SP New Energy has a total shareholder equity of ₱42.4B and total debt of ₱3.1B, which brings its debt-to-equity ratio to 7.3%. Its total assets and total liabilities are ₱51.2B and ₱8.8B respectively. SP New Energy's EBIT is ₱100.4M making its interest coverage ratio 0.7. It has cash and short-term investments of ₱10.7B.
Key information
7.3%
Debt to equity ratio
₱3.10b
Debt
Interest coverage ratio | 0.7x |
Cash | ₱10.65b |
Equity | ₱42.42b |
Total liabilities | ₱8.76b |
Total assets | ₱51.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SPNEC's short term assets (₱11.2B) exceed its short term liabilities (₱1.5B).
Long Term Liabilities: SPNEC's short term assets (₱11.2B) exceed its long term liabilities (₱7.3B).
Debt to Equity History and Analysis
Debt Level: SPNEC has more cash than its total debt.
Reducing Debt: SPNEC had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: SPNEC's debt is not well covered by operating cash flow (3%).
Interest Coverage: SPNEC's interest payments on its debt are not well covered by EBIT (0.7x coverage).