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 €2.5B, which brings its debt-to-equity ratio to 168.5%. Its total assets and total liabilities are €6.3B and €4.8B respectively. REN - Redes Energéticas Nacionais SGPS's EBIT is €244.2M making its interest coverage ratio 6.4. It has cash and short-term investments of €41.2M.
Key information
168.5%
Debt to equity ratio
€2.51b
Debt
Interest coverage ratio | 6.4x |
Cash | €41.22m |
Equity | €1.49b |
Total liabilities | €4.82b |
Total assets | €6.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RENE N's short term assets (€1.3B) do not cover its short term liabilities (€2.3B).
Long Term Liabilities: RENE N's short term assets (€1.3B) do not cover its long term liabilities (€2.5B).
Debt to Equity History and Analysis
Debt Level: RENE N's net debt to equity ratio (165.7%) is considered high.
Reducing Debt: RENE N's debt to equity ratio has reduced from 189.1% to 168.5% over the past 5 years.
Debt Coverage: RENE N's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: RENE N's interest payments on its debt are well covered by EBIT (6.4x coverage).