Companhia Energética do Ceará - COELCE Balance Sheet Health
Financial Health criteria checks 1/6
Companhia Energética do Ceará - COELCE has a total shareholder equity of R$5.0B and total debt of R$5.4B, which brings its debt-to-equity ratio to 107.6%. Its total assets and total liabilities are R$13.7B and R$8.7B respectively. Companhia Energética do Ceará - COELCE's EBIT is R$1.2B making its interest coverage ratio 2.4. It has cash and short-term investments of R$162.2M.
Key information
107.6%
Debt to equity ratio
R$5.43b
Debt
| Interest coverage ratio | 2.4x |
| Cash | R$162.17m |
| Equity | R$5.04b |
| Total liabilities | R$8.67b |
| Total assets | R$13.71b |
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$5.1B).
Long Term Liabilities: COCE5's short term assets (R$2.8B) do not cover its long term liabilities (R$3.6B).
Debt to Equity History and Analysis
Debt Level: COCE5's net debt to equity ratio (104.4%) is considered high.
Reducing Debt: COCE5's debt to equity ratio has increased from 77.1% to 107.6% over the past 5 years.
Debt Coverage: COCE5's debt is well covered by operating cash flow (23.6%).
Interest Coverage: COCE5's interest payments on its debt are not well covered by EBIT (2.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 11:10 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Companhia Energética do Ceará - COELCE is covered by 13 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Felipe Mattar | Barclays |
| null RESEARCH DEPARTMENT | Bradesco S.A. Corretora de Títulos e Valores Mobiliários |
| Marco Barbosa | Coinvalores Ccvm Ltda. |