Renault Balance Sheet Health
Financial Health criteria checks 3/6
Renault has a total shareholder equity of €30.6B and total debt of €65.9B, which brings its debt-to-equity ratio to 215.3%. Its total assets and total liabilities are €121.9B and €91.3B respectively. Renault's EBIT is €4.0B making its interest coverage ratio -28.2. It has cash and short-term investments of €21.2B.
Key information
215.3%
Debt to equity ratio
€65.94b
Debt
Interest coverage ratio | -28.2x |
Cash | €21.18b |
Equity | €30.63b |
Total liabilities | €91.28b |
Total assets | €121.91b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RNLS.Y's short term assets (€86.3B) exceed its short term liabilities (€77.9B).
Long Term Liabilities: RNLS.Y's short term assets (€86.3B) exceed its long term liabilities (€13.3B).
Debt to Equity History and Analysis
Debt Level: RNLS.Y's net debt to equity ratio (146.1%) is considered high.
Reducing Debt: RNLS.Y's debt to equity ratio has increased from 147.1% to 215.3% over the past 5 years.
Debt Coverage: RNLS.Y's debt is not well covered by operating cash flow (6.8%).
Interest Coverage: RNLS.Y earns more interest than it pays, so coverage of interest payments is not a concern.