Eletromidia Balance Sheet Health
Financial Health criteria checks 3/6
Eletromidia has a total shareholder equity of R$1.1B and total debt of R$716.5M, which brings its debt-to-equity ratio to 66.4%. Its total assets and total liabilities are R$2.3B and R$1.2B respectively. Eletromidia's EBIT is R$242.6M making its interest coverage ratio 3.1. It has cash and short-term investments of R$268.2M.
Key information
66.4%
Debt to equity ratio
R$716.47m
Debt
| Interest coverage ratio | 3.1x |
| Cash | R$268.23m |
| Equity | R$1.08b |
| Total liabilities | R$1.18b |
| Total assets | R$2.26b |
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$541.1M) do not cover its short term liabilities (R$561.9M).
Long Term Liabilities: ELMD3's short term assets (R$541.1M) do not cover its long term liabilities (R$620.3M).
Debt to Equity History and Analysis
Debt Level: ELMD3's net debt to equity ratio (41.6%) is considered high.
Reducing Debt: ELMD3's debt to equity ratio has reduced from 156.2% to 66.4% over the past 5 years.
Debt Coverage: ELMD3's debt is well covered by operating cash flow (29.4%).
Interest Coverage: ELMD3's interest payments on its debt are well covered by EBIT (3.1x coverage).