Grenergy Renovables Balance Sheet Health
Financial Health criteria checks 1/6
Grenergy Renovables has a total shareholder equity of €369.1M and total debt of €869.7M, which brings its debt-to-equity ratio to 235.6%. Its total assets and total liabilities are €1.5B and €1.1B respectively. Grenergy Renovables's EBIT is €94.8M making its interest coverage ratio 2.5. It has cash and short-term investments of €131.6M.
Key information
235.6%
Debt to equity ratio
€869.71m
Debt
| Interest coverage ratio | 2.5x |
| Cash | €131.61m |
| Equity | €369.08m |
| Total liabilities | €1.08b |
| Total assets | €1.45b |
Recent financial health updates
Is Grenergy Renovables (BME:GRE) Using Too Much Debt?
Sep 06
Is Grenergy Renovables (BME:GRE) A Risky Investment?
May 31Does Grenergy Renovables (BME:GRE) Have A Healthy Balance Sheet?
Feb 08Does Grenergy Renovables (BME:GRE) Have A Healthy Balance Sheet?
Oct 03Is Grenergy Renovables (BME:GRE) Using Too Much Debt?
Nov 23Here's Why Grenergy Renovables (BME:GRE) Has A Meaningful Debt Burden
May 26Recent updates
It's A Story Of Risk Vs Reward With Grenergy Renovables, S.A. (BME:GRE)
Oct 19We Think That There Are Some Issues For Grenergy Renovables (BME:GRE) Beyond Its Promising Earnings
Sep 30Grenergy Renovables, S.A. Just Beat Revenue Estimates By 118%
Sep 28With EPS Growth And More, Grenergy Renovables (BME:GRE) Makes An Interesting Case
Sep 24Is Grenergy Renovables (BME:GRE) Using Too Much Debt?
Sep 06Many Still Looking Away From Grenergy Renovables, S.A. (BME:GRE)
Jul 12Should You Think About Buying Grenergy Renovables, S.A. (BME:GRE) Now?
Jun 18Is Grenergy Renovables (BME:GRE) A Risky Investment?
May 31Is It Time To Consider Buying Grenergy Renovables, S.A. (BME:GRE)?
Feb 29Does Grenergy Renovables (BME:GRE) Have A Healthy Balance Sheet?
Feb 08Is Now The Time To Put Grenergy Renovables (BME:GRE) On Your Watchlist?
Jan 05Does Grenergy Renovables (BME:GRE) Have A Healthy Balance Sheet?
Oct 03Is There Now An Opportunity In Grenergy Renovables, S.A. (BME:GRE)?
Sep 07Analysts Just Published A Bright New Outlook For Grenergy Renovables, S.A.'s (BME:GRE)
Jun 08Is It Time To Consider Buying Grenergy Renovables, S.A. (BME:GRE)?
May 24These Analysts Just Made A Sizeable Downgrade To Their Grenergy Renovables, S.A. (BME:GRE) EPS Forecasts
Mar 05What Is Grenergy Renovables, S.A.'s (BME:GRE) Share Price Doing?
Feb 10Is Grenergy Renovables (BME:GRE) Using Too Much Debt?
Nov 23Broker Revenue Forecasts For Grenergy Renovables, S.A. (BME:GRE) Are Surging Higher
Oct 30If EPS Growth Is Important To You, Grenergy Renovables (BME:GRE) Presents An Opportunity
Jun 21Here's Why Grenergy Renovables (BME:GRE) Has A Meaningful Debt Burden
May 26Is Grenergy Renovables (BME:GRE) Using Too Much Debt?
Feb 24Does Grenergy Renovables (BME:GRE) Have A Healthy Balance Sheet?
Nov 11Should You Be Adding Grenergy Renovables (BME:GRE) To Your Watchlist Today?
Oct 21Is Grenergy Renovables (BME:GRE) A Risky Investment?
Jul 19I Ran A Stock Scan For Earnings Growth And Grenergy Renovables (BME:GRE) Passed With Ease
Apr 15Is Grenergy Renovables, S.A.'s (BME:GRE) Shareholder Ownership Skewed Towards Insiders?
Mar 20Grenergy Renovables (BME:GRE) Seems To Use Debt Quite Sensibly
Feb 12Should You Be Excited About Grenergy Renovables, S.A.'s (BME:GRE) 35% Return On Equity?
Jan 21
Is Now The Time To Put Grenergy Renovables (BME:GRE) On Your Watchlist?
Dec 31Financial Position Analysis
Short Term Liabilities: GRE's short term assets (€474.6M) exceed its short term liabilities (€343.4M).
Long Term Liabilities: GRE's short term assets (€474.6M) do not cover its long term liabilities (€739.5M).
Debt to Equity History and Analysis
Debt Level: GRE's net debt to equity ratio (200%) is considered high.
Reducing Debt: GRE's debt to equity ratio has increased from 99.4% to 235.6% over the past 5 years.
Debt Coverage: GRE's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: GRE's interest payments on its debt are not well covered by EBIT (2.5x coverage).