Cebu Air Balance Sheet Health
Financial Health criteria checks 1/6
Cebu Air has a total shareholder equity of ₱7.0B and total debt of ₱59.6B, which brings its debt-to-equity ratio to 851.1%. Its total assets and total liabilities are ₱200.0B and ₱192.9B respectively. Cebu Air's EBIT is ₱10.9B making its interest coverage ratio 2.2. It has cash and short-term investments of ₱14.0B.
Key information
851.1%
Debt to equity ratio
₱59.64b
Debt
Interest coverage ratio | 2.2x |
Cash | ₱14.01b |
Equity | ₱7.01b |
Total liabilities | ₱192.94b |
Total assets | ₱199.95b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CEBU.Y's short term assets (₱30.3B) do not cover its short term liabilities (₱61.2B).
Long Term Liabilities: CEBU.Y's short term assets (₱30.3B) do not cover its long term liabilities (₱131.8B).
Debt to Equity History and Analysis
Debt Level: CEBU.Y's net debt to equity ratio (651.1%) is considered high.
Reducing Debt: CEBU.Y's debt to equity ratio has increased from 124.1% to 851.1% over the past 5 years.
Debt Coverage: CEBU.Y's debt is well covered by operating cash flow (20.7%).
Interest Coverage: CEBU.Y's interest payments on its debt are not well covered by EBIT (2.2x coverage).