Eletromidia Balance Sheet Health
Financial Health criteria checks 5/6
Eletromidia has a total shareholder equity of R$1.1B and total debt of R$836.5M, which brings its debt-to-equity ratio to 74.6%. Its total assets and total liabilities are R$2.4B and R$1.3B respectively. Eletromidia's EBIT is R$297.7M making its interest coverage ratio 3.9. It has cash and short-term investments of R$442.9M.
Key information
74.6%
Debt to equity ratio
R$836.55m
Debt
| Interest coverage ratio | 3.9x |
| Cash | R$442.92m |
| Equity | R$1.12b |
| Total liabilities | R$1.32b |
| Total assets | R$2.44b |
Recent financial health updates
Recent updates
Investors Appear Satisfied With Eletromidia S.A.'s (BVMF:ELMD3) Prospects As Shares Rocket 59%
Nov 06
Eletromidia S.A. (BVMF:ELMD3) Looks Just Right With A 25% Price Jump
Apr 10We Think Eletromidia (BVMF:ELMD3) Can Stay On Top Of Its Debt
Mar 27Revenues Not Telling The Story For Eletromidia S.A. (BVMF:ELMD3) After Shares Rise 26%
Sep 13News Flash: Analysts Just Made A Notable Upgrade To Their Eletromidia S.A. (BVMF:ELMD3) Forecasts
May 11Financial Position Analysis
Short Term Liabilities: ELMD3's short term assets (R$718.8M) exceed its short term liabilities (R$410.1M).
Long Term Liabilities: ELMD3's short term assets (R$718.8M) do not cover its long term liabilities (R$908.9M).
Debt to Equity History and Analysis
Debt Level: ELMD3's net debt to equity ratio (35.1%) is considered satisfactory.
Reducing Debt: ELMD3's debt to equity ratio has reduced from 160.9% to 74.6% over the past 5 years.
Debt Coverage: ELMD3's debt is well covered by operating cash flow (40.9%).
Interest Coverage: ELMD3's interest payments on its debt are well covered by EBIT (3.9x coverage).