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
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GREE's short term assets (€474.6M) exceed its short term liabilities (€343.4M).
Long Term Liabilities: GREE's short term assets (€474.6M) do not cover its long term liabilities (€739.5M).
Debt to Equity History and Analysis
Debt Level: GREE's net debt to equity ratio (200%) is considered high.
Reducing Debt: GREE's debt to equity ratio has increased from 99.4% to 235.6% over the past 5 years.
Debt Coverage: GREE's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: GREE's interest payments on its debt are not well covered by EBIT (2.5x coverage).