Redeia Corporación Balance Sheet Health
Financial Health criteria checks 2/6
Redeia Corporación has a total shareholder equity of €5.4B and total debt of €6.2B, which brings its debt-to-equity ratio to 116.4%. Its total assets and total liabilities are €14.9B and €9.5B respectively. Redeia Corporación's EBIT is €750.1M making its interest coverage ratio 9.8. It has cash and short-term investments of €1.1B.
Key information
116.4%
Debt to equity ratio
€6.24b
Debt
| Interest coverage ratio | 9.8x |
| Cash | €1.10b |
| Equity | €5.36b |
| Total liabilities | €9.52b |
| Total assets | €14.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RE21's short term assets (€2.5B) do not cover its short term liabilities (€3.1B).
Long Term Liabilities: RE21's short term assets (€2.5B) do not cover its long term liabilities (€6.5B).
Debt to Equity History and Analysis
Debt Level: RE21's net debt to equity ratio (95.9%) is considered high.
Reducing Debt: RE21's debt to equity ratio has reduced from 163.5% to 116.4% over the past 5 years.
Debt Coverage: RE21's debt is not well covered by operating cash flow (10.7%).
Interest Coverage: RE21's interest payments on its debt are well covered by EBIT (9.8x coverage).