Corporación Acciona Energías Renovables Balance Sheet Health
Financial Health criteria checks 3/6
Corporación Acciona Energías Renovables has a total shareholder equity of €6.3B and total debt of €4.4B, which brings its debt-to-equity ratio to 70.1%. Its total assets and total liabilities are €14.7B and €8.3B respectively. Corporación Acciona Energías Renovables's EBIT is €838.0M making its interest coverage ratio 6.8. It has cash and short-term investments of €825.0M.
Key information
70.1%
Debt to equity ratio
€4.44b
Debt
Interest coverage ratio | 6.8x |
Cash | €825.00m |
Equity | €6.34b |
Total liabilities | €8.33b |
Total assets | €14.67b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 5BP's short term assets (€2.5B) exceed its short term liabilities (€2.2B).
Long Term Liabilities: 5BP's short term assets (€2.5B) do not cover its long term liabilities (€6.1B).
Debt to Equity History and Analysis
Debt Level: 5BP's net debt to equity ratio (57.1%) is considered high.
Reducing Debt: 5BP's debt to equity ratio has reduced from 149.6% to 70.1% over the past 5 years.
Debt Coverage: 5BP's debt is not well covered by operating cash flow (8.2%).
Interest Coverage: 5BP's interest payments on its debt are well covered by EBIT (6.8x coverage).