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Companhia Energética do Rio Grande do Norte - COSERN Balance Sheet Health
Financial Health criteria checks 4/6
Companhia Energética do Rio Grande do Norte - COSERN has a total shareholder equity of R$1.7B and total debt of R$3.0B, which brings its debt-to-equity ratio to 182.3%. Its total assets and total liabilities are R$6.1B and R$4.4B respectively. Companhia Energética do Rio Grande do Norte - COSERN's EBIT is R$941.0M making its interest coverage ratio 4.5. It has cash and short-term investments of R$615.0M.
Key information
182.3%
Debt to equity ratio
R$3.02b
Debt
| Interest coverage ratio | 4.5x |
| Cash | R$615.00m |
| Equity | R$1.65b |
| Total liabilities | R$4.45b |
| Total assets | R$6.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CSRN5's short term assets (R$1.6B) exceed its short term liabilities (R$905.0M).
Long Term Liabilities: CSRN5's short term assets (R$1.6B) do not cover its long term liabilities (R$3.5B).
Debt to Equity History and Analysis
Debt Level: CSRN5's net debt to equity ratio (145.2%) is considered high.
Reducing Debt: CSRN5's debt to equity ratio has reduced from 183.2% to 182.3% over the past 5 years.
Debt Coverage: CSRN5's debt is well covered by operating cash flow (25%).
Interest Coverage: CSRN5's interest payments on its debt are well covered by EBIT (4.5x coverage).