Renova Energia S.A.

BOVESPA:RNEW11 Stock Report

Market Cap: R$244.5m

Renova Energia Balance Sheet Health

Financial Health criteria checks 1/6

Renova Energia has a total shareholder equity of R$883.6M and total debt of R$1.2B, which brings its debt-to-equity ratio to 131.2%. Its total assets and total liabilities are R$3.1B and R$2.2B respectively. Renova Energia's EBIT is R$191.2M making its interest coverage ratio 1.5. It has cash and short-term investments of R$132.1M.

Key information

131.2%

Debt to equity ratio

R$1.16b

Debt

Interest coverage ratio1.5x
CashR$132.11m
EquityR$883.60m
Total liabilitiesR$2.19b
Total assetsR$3.08b

Recent financial health updates

Recent updates

We Think That There Are More Issues For Renova Energia (BVMF:RNEW11) Than Just Sluggish Earnings

Aug 21
We Think That There Are More Issues For Renova Energia (BVMF:RNEW11) Than Just Sluggish Earnings

Renova Energia (BVMF:RNEW11) Has A Somewhat Strained Balance Sheet

Aug 17
Renova Energia (BVMF:RNEW11) Has A Somewhat Strained Balance Sheet

Renova Energia's (BVMF:RNEW11) Robust Earnings Are Not All Good News For Shareholders

Apr 04
Renova Energia's (BVMF:RNEW11) Robust Earnings Are Not All Good News For Shareholders

Financial Position Analysis

Short Term Liabilities: RNEW11's short term assets (R$255.7M) do not cover its short term liabilities (R$605.3M).

Long Term Liabilities: RNEW11's short term assets (R$255.7M) do not cover its long term liabilities (R$1.6B).


Debt to Equity History and Analysis

Debt Level: RNEW11's net debt to equity ratio (116.2%) is considered high.

Reducing Debt: RNEW11 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: RNEW11's debt is not well covered by operating cash flow (6.8%).

Interest Coverage: RNEW11's interest payments on its debt are not well covered by EBIT (1.5x coverage).


Balance Sheet


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