Manila Electric Co (PHS:MER) Debt-to-Equity : 0.82 (As of Dec. 2023)

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What is Manila Electric Co Debt-to-Equity?

Manila Electric Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₱38,388 Mil. Manila Electric Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₱62,272 Mil. Manila Electric Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₱122,295 Mil. Manila Electric Co's debt to equity for the quarter that ended in Dec. 2023 was 0.82.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Manila Electric Co's Debt-to-Equity or its related term are showing as below:

PHS:MER' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.36 Med: 0.51 Max: 0.94
Current: 0.82

During the past 13 years, the highest Debt-to-Equity Ratio of Manila Electric Co was 0.94. The lowest was 0.36. And the median was 0.51.

PHS:MER's Debt-to-Equity is ranked better than
51.57% of 477 companies
in the Utilities - Regulated industry
Industry Median: 0.87 vs PHS:MER: 0.82

Manila Electric Co Debt-to-Equity Historical Data

The historical data trend for Manila Electric Co's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Manila Electric Co Debt-to-Equity Chart

Manila Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.47

0.49

0.94

0.82

Manila Electric Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.94	0.96	0.87	0.87	0.82

Competitive Comparison of Manila Electric Co's Debt-to-Equity

For the Utilities - Regulated Electric subindustry, Manila Electric Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Manila Electric Co's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Manila Electric Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Manila Electric Co's Debt-to-Equity falls into.

Manila Electric Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Manila Electric Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(38388	+	62272)	/	122295
	=	0.82

Manila Electric Co's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(38388	+	62272)	/	122295
	=	0.82

Manila Electric Co (PHS:MER) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Manila Electric Co Debt-to-Equity Related Terms

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Manila Electric Co (PHS:MER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Manila Electric Co (PHS:MER) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MAEOY:USA

Address

Ortigas Avenue, Barangay Ugong, Lopez Building, Pasig, PHL, 1605

Website

https://www.meralco.com.ph

Manila Electric Co, or Meralco, is an electric utility company serving the Philippines. Meralco generates, transmits, and distributes electricity through its portfolio of thermal power plants. The vast majority of the energy produced by the company comes from its natural gas and goal facilities. Meralco generates almost all of its revenue through the sale of electricity. While nearly all of the company's customers are residential entities, total energy sales are split fairly evenly between commercial, industrial, and residential customers. Meralco is the largest electric distribution company in the Philippines and serves dozens of cities and municipalities, including Metropolitan Manila.

Manila Electric Co (PHS:MER) Headlines

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