Renova Energia Balance Sheet Health
Financial Health criteria checks 1/6
Renova Energia has a total shareholder equity of R$884.9M and total debt of R$1.1B, which brings its debt-to-equity ratio to 127.7%. Its total assets and total liabilities are R$3.0B and R$2.1B respectively. Renova Energia's EBIT is R$166.5M making its interest coverage ratio 1.3. It has cash and short-term investments of R$83.1M.
Key information
127.7%
Debt to equity ratio
R$1.13b
Debt
| Interest coverage ratio | 1.3x |
| Cash | R$83.05m |
| Equity | R$884.95m |
| Total liabilities | R$2.08b |
| Total assets | R$2.96b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: RNEW11's short term assets (R$161.2M) do not cover its short term liabilities (R$506.7M).
Long Term Liabilities: RNEW11's short term assets (R$161.2M) 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 (118.3%) 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%).
Interest Coverage: RNEW11's interest payments on its debt are not well covered by EBIT (1.3x coverage).