Eternit Balance Sheet Health
Financial Health criteria checks 6/6
Eternit has a total shareholder equity of R$769.8M and total debt of R$142.3M, which brings its debt-to-equity ratio to 18.5%. Its total assets and total liabilities are R$1.3B and R$530.6M respectively. Eternit's EBIT is R$80.4M making its interest coverage ratio 9.1. It has cash and short-term investments of R$16.5M.
Key information
18.5%
Debt to equity ratio
R$142.30m
Debt
| Interest coverage ratio | 9.1x |
| Cash | R$16.54m |
| Equity | R$769.81m |
| Total liabilities | R$530.56m |
| Total assets | R$1.30b |
Recent financial health updates
Does Eternit (BVMF:ETER3) Have A Healthy Balance Sheet?
Oct 03
Does Eternit (BVMF:ETER3) Have A Healthy Balance Sheet?
Jan 21These 4 Measures Indicate That Eternit (BVMF:ETER3) Is Using Debt Reasonably Well
Aug 30Does Eternit (BVMF:ETER3) Have A Healthy Balance Sheet?
May 06Eternit (BVMF:ETER3) Could Easily Take On More Debt
Dec 31Here's Why Eternit (BVMF:ETER3) Can Manage Its Debt Responsibly
Aug 19Recent updates
Eternit's (BVMF:ETER3) Dividend Will Be Reduced To R$0.0766
Nov 11Does Eternit (BVMF:ETER3) Have A Healthy Balance Sheet?
Oct 03Does Eternit (BVMF:ETER3) Have A Healthy Balance Sheet?
Jan 21These 4 Measures Indicate That Eternit (BVMF:ETER3) Is Using Debt Reasonably Well
Aug 30Does Eternit (BVMF:ETER3) Have A Healthy Balance Sheet?
May 06Eternit (BVMF:ETER3) Could Easily Take On More Debt
Dec 31Is Now The Time To Put Eternit (BVMF:ETER3) On Your Watchlist?
Dec 10Eternit S.A. (BVMF:ETER3) Looks Inexpensive After Falling 27% But Perhaps Not Attractive Enough
Sep 09Here's Why Eternit (BVMF:ETER3) Can Manage Its Debt Responsibly
Aug 19These 4 Measures Indicate That Eternit (BVMF:ETER3) Is Using Debt Reasonably Well
Apr 01Eternit S.A.'s (BVMF:ETER3) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Mar 06The Eternit (BVMF:ETER3) Share Price Has Gained 111%, So Why Not Pay It Some Attention?
Feb 13The Returns On Capital At Eternit (BVMF:ETER3) Don't Inspire Confidence
Jan 26Here's Why We Don't Think Eternit's (BVMF:ETER3) Statutory Earnings Reflect Its Underlying Earnings Potential
Jan 08These 4 Measures Indicate That Eternit (BVMF:ETER3) Is Using Debt Reasonably Well
Dec 21Is Eternit S.A.'s (BVMF:ETER3) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
Dec 03Eternit (BVMF:ETER3) Has Debt But No Earnings; Should You Worry?
Aug 18Financial Position Analysis
Short Term Liabilities: ETER3's short term assets (R$568.0M) exceed its short term liabilities (R$296.3M).
Long Term Liabilities: ETER3's short term assets (R$568.0M) exceed its long term liabilities (R$234.3M).
Debt to Equity History and Analysis
Debt Level: ETER3's net debt to equity ratio (16.3%) is considered satisfactory.
Reducing Debt: ETER3's debt to equity ratio has reduced from 1180.8% to 18.5% over the past 5 years.
Debt Coverage: ETER3's debt is well covered by operating cash flow (60.1%).
Interest Coverage: ETER3's interest payments on its debt are well covered by EBIT (9.1x coverage).