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Pilipinas Shell may have to recapitalize as liabilities reach 2.7X equity

As of the end of 2020, Pilipinas Shell (SHLPH) had a total liability of 62.9 Billion while its total equity amounted to just 23.6 Billion. SHLPH’s equity dwindled as retained earnings of 11.9 Billion at the end of 2019 turns into an accumulated loss of 4.3 Billion at the end of 2020. SHLPH suffered aContinue reading “Pilipinas Shell may have to recapitalize as liabilities reach 2.7X equity”

Pilipinas Shell (SHLPH) begins to recover but unable to fund capital expenditures with long-term loans

Pilipinas Shell Petroleum Corporation (SHLPH) incurred a net loss of 13.9 Billion Pesos for the nine-month period ending September 30, 2020 (9M20). The net loss includes P7.5 billion in impairment of refinery assets and other one-off costs related to the cessation of the refinery operations and accounts for 54.1% of reported net loss. But theContinue reading “Pilipinas Shell (SHLPH) begins to recover but unable to fund capital expenditures with long-term loans”