Companhia Energética do Ceará - COELCE Balance Sheet Health
Financial Health criteria checks 0/6
Companhia Energética do Ceará - COELCE has a total shareholder equity of R$4.3B and total debt of R$6.0B, which brings its debt-to-equity ratio to 138.5%. Its total assets and total liabilities are R$13.2B and R$8.9B respectively. Companhia Energética do Ceará - COELCE's EBIT is R$1.3B making its interest coverage ratio 2.9. It has cash and short-term investments of R$139.0M.
Key information
138.5%
Debt to equity ratio
R$5.99b
Debt
Interest coverage ratio | 2.9x |
Cash | R$139.02m |
Equity | R$4.32b |
Total liabilities | R$8.92b |
Total assets | R$13.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: COCE5's short term assets (R$2.8B) do not cover its short term liabilities (R$5.8B).
Long Term Liabilities: COCE5's short term assets (R$2.8B) do not cover its long term liabilities (R$3.1B).
Debt to Equity History and Analysis
Debt Level: COCE5's net debt to equity ratio (135.3%) is considered high.
Reducing Debt: COCE5's debt to equity ratio has increased from 88.1% to 138.5% over the past 5 years.
Debt Coverage: COCE5's debt is not well covered by operating cash flow (15.6%).
Interest Coverage: COCE5's interest payments on its debt are not well covered by EBIT (2.9x coverage).