Renova Energia Balance Sheet Health
Financial Health criteria checks 1/6
Renova Energia has a total shareholder equity of R$871.1M and total debt of R$1.1B, which brings its debt-to-equity ratio to 126.5%. Its total assets and total liabilities are R$2.9B and R$2.1B respectively. Renova Energia's EBIT is R$171.2M making its interest coverage ratio 1.3. It has cash and short-term investments of R$19.1M.
Key information
126.5%
Debt to equity ratio
R$1.10b
Debt
Interest coverage ratio | 1.3x |
Cash | R$19.10m |
Equity | R$871.10m |
Total liabilities | R$2.07b |
Total assets | R$2.94b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RNEW4's short term assets (R$107.1M) do not cover its short term liabilities (R$473.1M).
Long Term Liabilities: RNEW4's short term assets (R$107.1M) 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 (124.4%) is considered high.
Reducing Debt: RNEW4 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 RNEW4 has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if RNEW4 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.