Minerva Balance Sheet Health
Financial Health criteria checks 3/6
Minerva has a total shareholder equity of R$517.6M and total debt of R$24.8B, which brings its debt-to-equity ratio to 4790.4%. Its total assets and total liabilities are R$32.6B and R$32.1B respectively. Minerva's EBIT is R$2.1B making its interest coverage ratio 1.5. It has cash and short-term investments of R$15.8B.
Key information
4,790.4%
Debt to equity ratio
R$24.79b
Debt
Interest coverage ratio | 1.5x |
Cash | R$15.80b |
Equity | R$517.58m |
Total liabilities | R$32.05b |
Total assets | R$32.57b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: M0V's short term assets (R$21.7B) exceed its short term liabilities (R$10.8B).
Long Term Liabilities: M0V's short term assets (R$21.7B) exceed its long term liabilities (R$21.3B).
Debt to Equity History and Analysis
Debt Level: M0V's net debt to equity ratio (1737.9%) 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 (16.4%).
Interest Coverage: M0V's interest payments on its debt are not well covered by EBIT (1.5x coverage).