REN - Redes Energéticas Nacionais SGPS Balance Sheet Health
Financial Health criteria checks 2/6
REN - Redes Energéticas Nacionais SGPS has a total shareholder equity of €1.5B and total debt of €2.7B, which brings its debt-to-equity ratio to 186.7%. Its total assets and total liabilities are €5.6B and €4.1B respectively. REN - Redes Energéticas Nacionais SGPS's EBIT is €222.5M making its interest coverage ratio 6.6. It has cash and short-term investments of €48.0M.
Key information
186.7%
Debt to equity ratio
€2.72b
Debt
| Interest coverage ratio | 6.6x |
| Cash | €47.97m |
| Equity | €1.46b |
| Total liabilities | €4.13b |
| Total assets | €5.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0KBT's short term assets (€786.6M) do not cover its short term liabilities (€1.7B).
Long Term Liabilities: 0KBT's short term assets (€786.6M) do not cover its long term liabilities (€2.4B).
Debt to Equity History and Analysis
Debt Level: 0KBT's net debt to equity ratio (183.4%) is considered high.
Reducing Debt: 0KBT's debt to equity ratio has reduced from 195.5% to 186.7% over the past 5 years.
Debt Coverage: 0KBT's debt is not well covered by operating cash flow (5%).
Interest Coverage: 0KBT's interest payments on its debt are well covered by EBIT (6.6x coverage).