SP New Energy Balance Sheet Health
Financial Health criteria checks 6/6
SP New Energy has a total shareholder equity of ₱42.6B and total debt of ₱3.2B, which brings its debt-to-equity ratio to 7.6%. Its total assets and total liabilities are ₱50.9B and ₱8.3B respectively. SP New Energy's EBIT is ₱253.1M making its interest coverage ratio -7.5. It has cash and short-term investments of ₱7.0B.
Key information
7.6%
Debt to equity ratio
₱3.22b
Debt
| Interest coverage ratio | -7.5x |
| Cash | ₱6.98b |
| Equity | ₱42.60b |
| Total liabilities | ₱8.26b |
| Total assets | ₱50.86b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SPNEC's short term assets (₱7.8B) exceed its short term liabilities (₱1.2B).
Long Term Liabilities: SPNEC's short term assets (₱7.8B) exceed its long term liabilities (₱7.0B).
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 well covered by operating cash flow (43.1%).
Interest Coverage: SPNEC earns more interest than it pays, so coverage of interest payments is not a concern.