Grenergy Renovables Balance Sheet Health
Financial Health criteria checks 1/6
Grenergy Renovables has a total shareholder equity of €331.0M and total debt of €801.3M, which brings its debt-to-equity ratio to 242.1%. Its total assets and total liabilities are €1.3B and €1.0B respectively. Grenergy Renovables's EBIT is €94.9M making its interest coverage ratio 2.6. It has cash and short-term investments of €173.2M.
Key information
242.1%
Debt to equity ratio
€801.30m
Debt
Interest coverage ratio | 2.6x |
Cash | €173.20m |
Equity | €331.00m |
Total liabilities | €1.00b |
Total assets | €1.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GREE's short term assets (€471.6M) exceed its short term liabilities (€336.2M).
Long Term Liabilities: GREE's short term assets (€471.6M) do not cover its long term liabilities (€665.1M).
Debt to Equity History and Analysis
Debt Level: GREE's net debt to equity ratio (189.8%) is considered high.
Reducing Debt: GREE's debt to equity ratio has increased from 67.5% to 242.1% over the past 5 years.
Debt Coverage: GREE's debt is not well covered by operating cash flow (9.3%).
Interest Coverage: GREE's interest payments on its debt are not well covered by EBIT (2.6x coverage).