Redeia Corporación Balance Sheet Health
Financial Health criteria checks 5/6
Redeia Corporación has a total shareholder equity of €5.7B and total debt of €0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are €14.9B and €9.3B respectively. Redeia Corporación's EBIT is €819.8M making its interest coverage ratio 9.4. It has cash and short-term investments of €714.7M.
Key information
0%
Debt to equity ratio
€0
Debt
Interest coverage ratio | 9.4x |
Cash | €714.66m |
Equity | €5.66b |
Total liabilities | €9.27b |
Total assets | €14.93b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: REDE's short term assets (€2.7B) exceed its short term liabilities (€1.9B).
Long Term Liabilities: REDE's short term assets (€2.7B) do not cover its long term liabilities (€7.4B).
Debt to Equity History and Analysis
Debt Level: REDE is debt free.
Reducing Debt: REDE has no debt compared to 5 years ago when its debt to equity ratio was 183.7%.
Debt Coverage: REDE has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: REDE has no debt, therefore coverage of interest payments is not a concern.