Electro Aço Altona Balance Sheet Health
Financial Health criteria checks 6/6
Electro Aço Altona has a total shareholder equity of R$279.6M and total debt of R$118.6M, which brings its debt-to-equity ratio to 42.4%. Its total assets and total liabilities are R$616.2M and R$336.6M respectively. Electro Aço Altona's EBIT is R$87.0M making its interest coverage ratio 18. It has cash and short-term investments of R$15.0M.
Key information
42.4%
Debt to equity ratio
R$118.65m
Debt
| Interest coverage ratio | 18x |
| Cash | R$14.96m |
| Equity | R$279.59m |
| Total liabilities | R$336.56m |
| Total assets | R$616.16m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: EALT3's short term assets (R$273.9M) exceed its short term liabilities (R$235.0M).
Long Term Liabilities: EALT3's short term assets (R$273.9M) exceed its long term liabilities (R$101.5M).
Debt to Equity History and Analysis
Debt Level: EALT3's net debt to equity ratio (37.1%) is considered satisfactory.
Reducing Debt: EALT3's debt to equity ratio has reduced from 46.5% to 42.4% over the past 5 years.
Debt Coverage: EALT3's debt is well covered by operating cash flow (58.5%).
Interest Coverage: EALT3's interest payments on its debt are well covered by EBIT (18x coverage).