Renergetica Balance Sheet Health
Financial Health criteria checks 5/6
Renergetica has a total shareholder equity of €22.8M and total debt of €11.2M, which brings its debt-to-equity ratio to 48.9%. Its total assets and total liabilities are €42.6M and €19.8M respectively. Renergetica's EBIT is €1.9M making its interest coverage ratio 3.2. It has cash and short-term investments of €7.7M.
Key information
48.9%
Debt to equity ratio
€11.18m
Debt
| Interest coverage ratio | 3.2x |
| Cash | €7.69m |
| Equity | €22.84m |
| Total liabilities | €19.77m |
| Total assets | €42.62m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: RNG's short term assets (€37.6M) exceed its short term liabilities (€10.2M).
Long Term Liabilities: RNG's short term assets (€37.6M) exceed its long term liabilities (€9.5M).
Debt to Equity History and Analysis
Debt Level: RNG's net debt to equity ratio (15.3%) is considered satisfactory.
Reducing Debt: RNG had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: RNG's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: RNG's interest payments on its debt are well covered by EBIT (3.2x coverage).