Neoenergia Balance Sheet Health
Financial Health criteria checks 2/6
Neoenergia has a total shareholder equity of R$32.6B and total debt of R$51.6B, which brings its debt-to-equity ratio to 158%. Its total assets and total liabilities are R$106.3B and R$73.7B respectively. Neoenergia's EBIT is R$9.6B making its interest coverage ratio 3.3. It has cash and short-term investments of R$7.8B.
Key information
158.0%
Debt to equity ratio
R$51.56b
Debt
| Interest coverage ratio | 3.3x |
| Cash | R$7.80b |
| Equity | R$32.64b |
| Total liabilities | R$73.71b |
| Total assets | R$106.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: XNEO's short term assets (R$23.1B) exceed its short term liabilities (R$20.3B).
Long Term Liabilities: XNEO's short term assets (R$23.1B) do not cover its long term liabilities (R$53.4B).
Debt to Equity History and Analysis
Debt Level: XNEO's net debt to equity ratio (134.1%) is considered high.
Reducing Debt: XNEO's debt to equity ratio has increased from 121.4% to 158% over the past 5 years.
Debt Coverage: XNEO's debt is not well covered by operating cash flow (4.5%).
Interest Coverage: XNEO's interest payments on its debt are well covered by EBIT (3.3x coverage).