First Philippine Holdings (First Philippine Holdings) Debt-to-Equity : 1.05 (As of Mar. 2024)

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What is First Philippine Holdings Debt-to-Equity?

First Philippine Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $602 Mil. First Philippine Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $2,105 Mil. First Philippine Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $2,582 Mil. First Philippine Holdings's debt to equity for the quarter that ended in Mar. 2024 was 1.05.

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 First Philippine Holdings's Debt-to-Equity or its related term are showing as below:

FPHHF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.9 Med: 1.34 Max: 2.57
Current: 1.05

During the past 13 years, the highest Debt-to-Equity Ratio of First Philippine Holdings was 2.57. The lowest was 0.90. And the median was 1.34.

FPHHF's Debt-to-Equity is ranked worse than
57.02% of 477 companies
in the Utilities - Regulated industry
Industry Median: 0.87 vs FPHHF: 1.05

First Philippine Holdings Debt-to-Equity Historical Data

The historical data trend for First Philippine Holdings'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.

First Philippine Holdings Debt-to-Equity Chart

First Philippine Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.28

1.25

1.10

0.99

0.98

First Philippine Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.96	0.92	0.90	0.98	1.05

Competitive Comparison of First Philippine Holdings's Debt-to-Equity

For the Utilities - Regulated Electric subindustry, First Philippine Holdings'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.

First Philippine Holdings's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, First Philippine Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where First Philippine Holdings's Debt-to-Equity falls into.

First Philippine Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

First Philippine Holdings'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
	=	(591.895	+	1905.31)	/	2556.562
	=	0.98

First Philippine Holdings's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(601.673	+	2105.444)	/	2582.133
	=	1.05

First Philippine Holdings (OTCPK:FPHHF) 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.

First Philippine Holdings Debt-to-Equity Related Terms

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First Philippine Holdings (First Philippine Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » First Philippine Holdings Corp (OTCPK:FPHHF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

FPHPC.PFD:Philippines FPH:Philippines

Address

Ortigas Avenue, Rockwell Business Center, 6th Floor, Tower 3, Pasig City, PHL, 1604

Website

https://www.fphc.com

First Philippine Holdings Corporation, or FPH, is a Filipino holding company involved in the purchasing and acquiring of shares in energy, real estate, manufacturing, construction, and engineering companies. FPH segments its activities into Power Generation, Real Estate Development, and Energy Solutions and Construction Services business units. The company's Power Generation division generates and distributes electricity. With its primary energy subsidiaries, First Gen Corporation and Energy Development Corporation, FPH operates a portfolio of natural gas-fired, hydroelectric, geothermal, wind, and solar power plants. The company derives the vast majority of its revenue from the sale of electricity. Principally all of FPH's operations take place in the Philippines.

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