Renova Energia Balance Sheet Health
Financial Health criteria checks 1/6
Renova Energia has a total shareholder equity of R$933.0M and total debt of R$1.1B, which brings its debt-to-equity ratio to 115.2%. Its total assets and total liabilities are R$3.1B and R$2.1B respectively. Renova Energia's EBIT is R$195.8M making its interest coverage ratio 1.4. It has cash and short-term investments of R$22.8M.
Key information
115.2%
Debt to equity ratio
R$1.07b
Debt
Interest coverage ratio | 1.4x |
Cash | R$22.78m |
Equity | R$933.02m |
Total liabilities | R$2.14b |
Total assets | R$3.08b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: RNEW11's short term assets (R$138.9M) do not cover its short term liabilities (R$437.9M).
Long Term Liabilities: RNEW11's short term assets (R$138.9M) do not cover its long term liabilities (R$1.7B).
Debt to Equity History and Analysis
Debt Level: RNEW11's net debt to equity ratio (112.7%) is considered high.
Reducing Debt: RNEW11 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Insufficient data to determine if RNEW11 has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if RNEW11 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.