Redeia Corporación Balance Sheet Health
Financial Health criteria checks 3/6
Redeia Corporación has a total shareholder equity of €5.5B and total debt of €5.7B, which brings its debt-to-equity ratio to 103.8%. Its total assets and total liabilities are €14.5B and €9.0B respectively. Redeia Corporación's EBIT is €886.2M making its interest coverage ratio 9.8. It has cash and short-term investments of €714.7M.
Key information
103.8%
Debt to equity ratio
€5.74b
Debt
Interest coverage ratio | 9.8x |
Cash | €714.66m |
Equity | €5.53b |
Total liabilities | €8.96b |
Total assets | €14.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0RI5's short term assets (€2.2B) exceed its short term liabilities (€2.1B).
Long Term Liabilities: 0RI5's short term assets (€2.2B) do not cover its long term liabilities (€6.9B).
Debt to Equity History and Analysis
Debt Level: 0RI5's net debt to equity ratio (90.9%) is considered high.
Reducing Debt: 0RI5's debt to equity ratio has reduced from 166.5% to 103.8% over the past 5 years.
Debt Coverage: 0RI5's debt is not well covered by operating cash flow (8.6%).
Interest Coverage: 0RI5's interest payments on its debt are well covered by EBIT (9.8x coverage).