Neoenergia Balance Sheet Health
Financial Health criteria checks 1/6
Neoenergia has a total shareholder equity of R$31.2B and total debt of R$49.5B, which brings its debt-to-equity ratio to 158.6%. Its total assets and total liabilities are R$102.0B and R$70.8B respectively. Neoenergia's EBIT is R$8.4B making its interest coverage ratio 3. It has cash and short-term investments of R$8.0B.
Key information
158.6%
Debt to equity ratio
R$49.46b
Debt
Interest coverage ratio | 3x |
Cash | R$7.99b |
Equity | R$31.18b |
Total liabilities | R$70.79b |
Total assets | R$101.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: XNEO's short term assets (R$23.6B) exceed its short term liabilities (R$21.2B).
Long Term Liabilities: XNEO's short term assets (R$23.6B) do not cover its long term liabilities (R$49.6B).
Debt to Equity History and Analysis
Debt Level: XNEO's net debt to equity ratio (133%) is considered high.
Reducing Debt: XNEO's debt to equity ratio has increased from 116.3% to 158.6% over the past 5 years.
Debt Coverage: XNEO's debt is not well covered by operating cash flow (4.2%).
Interest Coverage: XNEO's interest payments on its debt are not well covered by EBIT (3x coverage).