ENCE Energía y Celulosa Balance Sheet Health
Financial Health criteria checks 3/6
ENCE Energía y Celulosa has a total shareholder equity of €650.7M and total debt of €591.9M, which brings its debt-to-equity ratio to 91%. Its total assets and total liabilities are €1.7B and €1.1B respectively. ENCE Energía y Celulosa's EBIT is €69.6M making its interest coverage ratio 2.1. It has cash and short-term investments of €322.1M.
Key information
91.0%
Debt to equity ratio
€591.90m
Debt
| Interest coverage ratio | 2.1x |
| Cash | €322.10m |
| Equity | €650.70m |
| Total liabilities | €1.05b |
| Total assets | €1.70b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ENCA's short term assets (€514.4M) exceed its short term liabilities (€422.8M).
Long Term Liabilities: ENCA's short term assets (€514.4M) do not cover its long term liabilities (€631.2M).
Debt to Equity History and Analysis
Debt Level: ENCA's net debt to equity ratio (41.5%) is considered high.
Reducing Debt: ENCA's debt to equity ratio has reduced from 100.7% to 91% over the past 5 years.
Debt Coverage: ENCA's debt is well covered by operating cash flow (20%).
Interest Coverage: ENCA's interest payments on its debt are not well covered by EBIT (2.1x coverage).