Audax Renovables Balance Sheet Health
Financial Health criteria checks 3/6
Audax Renovables has a total shareholder equity of €173.3M and total debt of €584.6M, which brings its debt-to-equity ratio to 337.4%. Its total assets and total liabilities are €1.3B and €1.1B respectively. Audax Renovables's EBIT is €78.3M making its interest coverage ratio 2.9. It has cash and short-term investments of €310.8M.
Key information
337.4%
Debt to equity ratio
€584.63m
Debt
Interest coverage ratio | 2.9x |
Cash | €310.84m |
Equity | €173.25m |
Total liabilities | €1.12b |
Total assets | €1.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0EIB's short term assets (€705.8M) exceed its short term liabilities (€548.9M).
Long Term Liabilities: 0EIB's short term assets (€705.8M) exceed its long term liabilities (€573.0M).
Debt to Equity History and Analysis
Debt Level: 0EIB's net debt to equity ratio (158%) is considered high.
Reducing Debt: 0EIB's debt to equity ratio has increased from 292.4% to 337.4% over the past 5 years.
Debt Coverage: 0EIB's debt is well covered by operating cash flow (24%).
Interest Coverage: 0EIB's interest payments on its debt are not well covered by EBIT (2.9x coverage).