Manila Electric Co (PHS:MER) LT-Debt-to-Total-Asset: 0.24 (As of Mar. 2026)

What is Manila Electric Co LT-Debt-to-Total-Asset?

Manila Electric Co PHS:MER +0.35% 93 LT-Debt-to-Total-Asset is 0.24 as of Mar. 2026. GuruFocus rates PHS:MER with a GF Score™ of 93/100 and a GF Value™ of ₱528.39 (Fairly Valued). The stock has 9 warning signs investors should review.

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Manila Electric Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2026 was 0.24.

Manila Electric Co's long-term debt to total assets ratio increased from Mar. 2025 (0.20) to Mar. 2026 (0.24). It may suggest that Manila Electric Co is progressively becoming more dependent on debt to grow their business.

Manila Electric Co (PHS:MER) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Manila Electric Co LT-Debt-to-Total-Asset Related Terms

Manila Electric Co LT-Debt-to-Total-Asset Historical Data

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The historical data trend for Manila Electric Co's LT-Debt-to-Total-Asset 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.

Manila Electric Co LT-Debt-to-Total-Asset Chart

Manila Electric Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

LT-Debt-to-Total-Asset

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0.11

0.13

0.11

0.09

0.23

Manila Electric Co Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.20	0.22	0.21	0.23	0.24

93GF Score

Manila Electric Co PHS:MER

LT-Debt-to-Total-Asset is just one metric. See GF Score™, valuation, warning signs, and more.

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Manila Electric Co LT-Debt-to-Total-Asset Calculation

Manila Electric Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as

LT Debt to Total Assets (A: Dec. 2025 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2025 )	/	Total Assets (A: Dec. 2025 )
	=	186531	/	823879
	=	0.23

Manila Electric Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2026 is calculated as

LT Debt to Total Assets (Q: Mar. 2026 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2026 )	/	Total Assets (Q: Mar. 2026 )
	=	202668	/	829790
	=	0.24

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →

What does a LT-Debt-to-Total-Asset of 0.24 mean?

Manila Electric Co (PHS:MER) has a LT-Debt-to-Total-Asset of 0.24 as of Mar. 2026. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Manila Electric Co and its competitors.

Is Manila Electric Co's LT-Debt-to-Total-Asset too high?

Manila Electric Co's current LT-Debt-to-Total-Asset is 0.24. Overall, Manila Electric Co has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Manila Electric Co's LT-Debt-to-Total-Asset compare to NEE and SO?

Manila Electric Co's LT-Debt-to-Total-Asset of 0.24 can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good LT-Debt-to-Total-Asset for an Utilities - Regulated company?

A good LT-Debt-to-Total-Asset depends on the Utilities - Regulated industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high LT-Debt-to-Total-Asset mean?

A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Manila Electric Co and its competitors. Manila Electric Co's current LT-Debt-to-Total-Asset is 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Manila Electric Co stock overvalued right now?

Based on GuruFocus' analysis, Manila Electric Co (PHS:MER) is currently considered Fairly Valued. The stock's GF Value™ is ₱528.39, compared to a current price of ₱576.00 — trading 9% above its estimated fair value. The current LT-Debt-to-Total-Asset is 0.24. Manila Electric Co's overall GF Score™ is 93/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is LT-Debt-to-Total-Asset calculated?

LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Manila Electric Co (PHS:MER), the current LT-Debt-to-Total-Asset is 0.24 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Manila Electric Co (PHS:MER) Overvalued in 2026?

Based on GuruFocus' analysis, Manila Electric Co stock appears to be overvalued. The current stock price of ₱576.00 is trading 9% above its estimated GF Value™ of ₱528.39. GuruFocus considers Manila Electric Co to be Fairly Valued.

Key valuation signals for PHS:MER:

LT-Debt-to-Total-Asset: 0.24
GF Value™: ₱528.39 vs. price of ₱576.00 (9% above fair value)
GF Score™: 93/100 with 9 warning signs

No single metric tells the full story. See the PHS:MER stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Manila Electric Co Business Description

Industry Utilities Utilities - Regulated

Comparable Companies PHS:AP PHS:AEV PHS:SGP PHS:FPH PHS:VVT PHS:SPC PHS:ACR PHS:JOH NEE SO DUK LSE:NG.AEP D ETR XEL EXC XMAD:ELE BOM:532555 PEG

Other Exchanges MERVF:USA MAEOY:USA

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

Website https://www.meralco.com.ph

Manila Electric Co is an electric utility company operating in the Philippines. Along with its subsidiaries, it is mainly engaged in the distribution and sale of electric energy through the distribution network facilities in its franchise area. The company's market is categorized into four classes, namely, residential, commercial, industrial, and streetlights. Additionally, it is involved in certain unregulated activities, which consist of power generation; retail electricity supply (RES); energy infrastructure, payment fulfilment, bills collection, after-the-meter and energy management, telecommunications services, insurance and re-insurance, and other businesses. The group's reportable segments are: Power and Other Services. The majority of its revenue is derived from the Power segment.

93GF Score

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LT-Debt-to-Total-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₱576.00

Price

₱528.39

GF Value

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