Smartfit Escola de Ginástica e Dança Balance Sheet Health
Financial Health criteria checks 4/6
Smartfit Escola de Ginástica e Dança has a total shareholder equity of R$5.3B and total debt of R$4.1B, which brings its debt-to-equity ratio to 77%. Its total assets and total liabilities are R$14.7B and R$9.5B respectively. Smartfit Escola de Ginástica e Dança's EBIT is R$1.1B making its interest coverage ratio 2.2. It has cash and short-term investments of R$2.3B.
Key information
77.0%
Debt to equity ratio
R$4.07b
Debt
Interest coverage ratio | 2.2x |
Cash | R$2.34b |
Equity | R$5.29b |
Total liabilities | R$9.45b |
Total assets | R$14.75b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: SFEG.Y's short term assets (R$3.2B) exceed its short term liabilities (R$2.2B).
Long Term Liabilities: SFEG.Y's short term assets (R$3.2B) do not cover its long term liabilities (R$7.2B).
Debt to Equity History and Analysis
Debt Level: SFEG.Y's net debt to equity ratio (32.8%) is considered satisfactory.
Reducing Debt: SFEG.Y's debt to equity ratio has reduced from 129.8% to 77% over the past 5 years.
Debt Coverage: SFEG.Y's debt is well covered by operating cash flow (28.7%).
Interest Coverage: SFEG.Y's interest payments on its debt are not well covered by EBIT (2.2x coverage).