Corporación Acciona Energías Renovables Balance Sheet Health
Financial Health criteria checks 3/6
Corporación Acciona Energías Renovables has a total shareholder equity of €6.1B and total debt of €5.0B, which brings its debt-to-equity ratio to 82.1%. Its total assets and total liabilities are €15.1B and €9.0B respectively. Corporación Acciona Energías Renovables's EBIT is €615.0M making its interest coverage ratio 4.2. It has cash and short-term investments of €487.0M.
Key information
82.1%
Debt to equity ratio
€5.01b
Debt
| Interest coverage ratio | 4.2x |
| Cash | €487.00m |
| Equity | €6.10b |
| Total liabilities | €8.99b |
| Total assets | €15.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 5BP's short term assets (€2.4B) exceed its short term liabilities (€2.2B).
Long Term Liabilities: 5BP's short term assets (€2.4B) do not cover its long term liabilities (€6.8B).
Debt to Equity History and Analysis
Debt Level: 5BP's net debt to equity ratio (74.1%) is considered high.
Reducing Debt: 5BP's debt to equity ratio has reduced from 146.8% to 82.1% over the past 5 years.
Debt Coverage: 5BP's debt is not well covered by operating cash flow (8.7%).
Interest Coverage: 5BP's interest payments on its debt are well covered by EBIT (4.2x coverage).