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).