Electro Aço Altona Balance Sheet Health
Financial Health criteria checks 3/6
Electro Aço Altona has a total shareholder equity of R$252.0M and total debt of R$126.4M, which brings its debt-to-equity ratio to 50.2%. Its total assets and total liabilities are R$571.1M and R$319.0M respectively. Electro Aço Altona's EBIT is R$62.6M making its interest coverage ratio 11.7. It has cash and short-term investments of R$12.5M.
Key information
50.2%
Debt to equity ratio
R$126.41m
Debt
Interest coverage ratio | 11.7x |
Cash | R$12.47m |
Equity | R$252.05m |
Total liabilities | R$319.03m |
Total assets | R$571.08m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: EALT3's short term assets (R$232.3M) exceed its short term liabilities (R$207.3M).
Long Term Liabilities: EALT3's short term assets (R$232.3M) exceed its long term liabilities (R$111.7M).
Debt to Equity History and Analysis
Debt Level: EALT3's net debt to equity ratio (45.2%) is considered high.
Reducing Debt: EALT3's debt to equity ratio has increased from 47% to 50.2% over the past 5 years.
Debt Coverage: EALT3's debt is not well covered by operating cash flow (7%).
Interest Coverage: EALT3's interest payments on its debt are well covered by EBIT (11.7x coverage).