Minerva Balance Sheet Health
Financial Health criteria checks 3/6
Minerva has a total shareholder equity of R$1.3B and total debt of R$25.7B, which brings its debt-to-equity ratio to 1923.9%. Its total assets and total liabilities are R$36.0B and R$34.6B respectively. Minerva's EBIT is R$2.2B making its interest coverage ratio 1.2. It has cash and short-term investments of R$16.8B.
Key information
1,923.9%
Debt to equity ratio
R$25.69b
Debt
| Interest coverage ratio | 1.2x |
| Cash | R$16.82b |
| Equity | R$1.34b |
| Total liabilities | R$34.64b |
| Total assets | R$35.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: M0V's short term assets (R$24.5B) exceed its short term liabilities (R$12.8B).
Long Term Liabilities: M0V's short term assets (R$24.5B) exceed its long term liabilities (R$21.8B).
Debt to Equity History and Analysis
Debt Level: M0V's net debt to equity ratio (664.2%) is considered high.
Reducing Debt: M0V had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: M0V's debt is not well covered by operating cash flow (19.3%).
Interest Coverage: M0V's interest payments on its debt are not well covered by EBIT (1.2x coverage).