Eletromidia Balance Sheet Health
Financial Health criteria checks 4/6
Eletromidia has a total shareholder equity of R$1.0B and total debt of R$949.5M, which brings its debt-to-equity ratio to 90.8%. Its total assets and total liabilities are R$2.5B and R$1.5B respectively. Eletromidia's EBIT is R$214.4M making its interest coverage ratio 2.6. It has cash and short-term investments of R$487.1M.
Key information
90.8%
Debt to equity ratio
R$949.48m
Debt
| Interest coverage ratio | 2.6x |
| Cash | R$487.05m |
| Equity | R$1.05b |
| Total liabilities | R$1.49b |
| Total assets | R$2.53b |
Recent financial health updates
Recent updates
Eletromidia S.A. (BVMF:ELMD3) Looks Just Right With A 25% Price Jump
Apr 10
We 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$825.3M) exceed its short term liabilities (R$717.6M).
Long Term Liabilities: ELMD3's short term assets (R$825.3M) exceed its long term liabilities (R$770.1M).
Debt to Equity History and Analysis
Debt Level: ELMD3's net debt to equity ratio (44.2%) is considered high.
Reducing Debt: ELMD3's debt to equity ratio has reduced from 153.6% to 90.8% over the past 5 years.
Debt Coverage: ELMD3's debt is well covered by operating cash flow (24%).
Interest Coverage: ELMD3's interest payments on its debt are not well covered by EBIT (2.6x coverage).