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$194.6M making its interest coverage ratio 1.6. 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 ratio | 1.6x |
| Cash | R$132.11m |
| Equity | R$883.60m |
| Total liabilities | R$2.19b |
| Total assets | R$3.08b |
Recent financial health updates
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 (1.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 09:36 |
| End of Day Share Price | 2024/12/19 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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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
Renova Energia S.A. is covered by 9 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 |
|---|---|
| Francisco Navarrete | Barclays |
| Felipe Leal | BofA Global Research |
| Vladimir Pinto | Bradesco S.A. Corretora de Títulos e Valores Mobiliários |