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 ratio | 1.5x |
| Cash | R$132.11m |
| Equity | R$883.60m |
| Total liabilities | R$2.19b |
| Total assets | R$3.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RNEW4's short term assets (R$255.7M) do not cover its short term liabilities (R$605.3M).
Long Term Liabilities: RNEW4'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: RNEW4's net debt to equity ratio (116.2%) is considered high.
Reducing Debt: RNEW4 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: RNEW4's debt is not well covered by operating cash flow (6.8%).
Interest Coverage: RNEW4's interest payments on its debt are not well covered by EBIT (1.5x coverage).