Minerva Balance Sheet Health
Financial Health criteria checks 2/6
Minerva has a total shareholder equity of R$1.1B and total debt of R$19.4B, which brings its debt-to-equity ratio to 1746.2%. Its total assets and total liabilities are R$25.9B and R$24.8B respectively. Minerva's EBIT is R$2.0B making its interest coverage ratio 1.9. It has cash and short-term investments of R$10.5B.
Key information
1,746.2%
Debt to equity ratio
R$19.42b
Debt
Interest coverage ratio | 1.9x |
Cash | R$10.46b |
Equity | R$1.11b |
Total liabilities | R$24.79b |
Total assets | R$25.91b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MRVS.Y's short term assets (R$15.2B) exceed its short term liabilities (R$8.1B).
Long Term Liabilities: MRVS.Y's short term assets (R$15.2B) do not cover its long term liabilities (R$16.7B).
Debt to Equity History and Analysis
Debt Level: MRVS.Y's net debt to equity ratio (806%) is considered high.
Reducing Debt: MRVS.Y had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: MRVS.Y's debt is not well covered by operating cash flow (14.6%).
Interest Coverage: MRVS.Y's interest payments on its debt are not well covered by EBIT (1.9x coverage).