Neoenergia Balance Sheet Health
Financial Health criteria checks 2/6
Neoenergia has a total shareholder equity of R$31.8B and total debt of R$52.1B, which brings its debt-to-equity ratio to 163.6%. Its total assets and total liabilities are R$105.7B and R$73.9B respectively. Neoenergia's EBIT is R$8.4B making its interest coverage ratio 3. It has cash and short-term investments of R$9.4B.
Key information
163.6%
Debt to equity ratio
R$52.06b
Debt
| Interest coverage ratio | 3x |
| Cash | R$9.44b |
| Equity | R$31.83b |
| Total liabilities | R$73.90b |
| Total assets | R$105.73b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2Q40's short term assets (R$25.0B) exceed its short term liabilities (R$20.1B).
Long Term Liabilities: 2Q40's short term assets (R$25.0B) do not cover its long term liabilities (R$53.8B).
Debt to Equity History and Analysis
Debt Level: 2Q40's net debt to equity ratio (133.9%) is considered high.
Reducing Debt: 2Q40's debt to equity ratio has increased from 116.5% to 163.6% over the past 5 years.
Debt Coverage: 2Q40's debt is not well covered by operating cash flow (5%).
Interest Coverage: 2Q40's interest payments on its debt are well covered by EBIT (3x coverage).