Redeia Corporación Balance Sheet Health
Financial Health criteria checks 3/6
Redeia Corporación has a total shareholder equity of €5.4B and total debt of €6.7B, which brings its debt-to-equity ratio to 122.8%. Its total assets and total liabilities are €15.2B and €9.7B respectively. Redeia Corporación's EBIT is €695.2M making its interest coverage ratio 7.4. It has cash and short-term investments of €1.3B.
Key information
122.8%
Debt to equity ratio
€6.69b
Debt
| Interest coverage ratio | 7.4x |
| Cash | €1.26b |
| Equity | €5.45b |
| Total liabilities | €9.73b |
| Total assets | €15.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RE21's short term assets (€2.8B) exceed its short term liabilities (€2.6B).
Long Term Liabilities: RE21's short term assets (€2.8B) do not cover its long term liabilities (€7.1B).
Debt to Equity History and Analysis
Debt Level: RE21's net debt to equity ratio (99.6%) is considered high.
Reducing Debt: RE21's debt to equity ratio has reduced from 163.1% to 122.8% over the past 5 years.
Debt Coverage: RE21's debt is not well covered by operating cash flow (15.6%).
Interest Coverage: RE21's interest payments on its debt are well covered by EBIT (7.4x coverage).