In the first half of 2023, Ayala Land’s net cash provided by operating activities slowed to 1.8 billion as against the 9.4 billion it racked up in a similar period in 2022. The slowdown is a material 81%.
With cash provided by operations slowing, ALI slowed down its net investing activities. In 1H2022, its net investing activities were 7.1 billion; in 1H2023, its net investing activities were down to 4.4 billion.
ALI’s net cash provided by operations wasn’t enough to fund its net investing activities.
The problem with sluggish net cash from operations is funding its current investing activities and the repayment or refinancing of its existing debt. ALI’s short-term and current long-term debt totals 24.3 billion at the end of 1H2023.
In the first half of 203, ALI borrowed 62.1 billion to repay debts and add cash to its balance sheet. ALI’s long-term debt balloons by 10.2 billion to 220.4 billion by the end of the first half of 2023.
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