Enlight Renewable Energy Balance Sheet Health
Financial Health criteria checks 1/6
Enlight Renewable Energy has a total shareholder equity of $1.5B and total debt of $2.6B, which brings its debt-to-equity ratio to 178.2%. Its total assets and total liabilities are $4.6B and $3.2B respectively. Enlight Renewable Energy's EBIT is $118.5M making its interest coverage ratio 2.8. It has cash and short-term investments of $249.9M.
Key information
178.2%
Debt to equity ratio
US$2.60b
Debt
Interest coverage ratio | 2.8x |
Cash | US$249.85m |
Equity | US$1.46b |
Total liabilities | US$3.17b |
Total assets | US$4.63b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ENLT's short term assets ($540.3M) do not cover its short term liabilities ($574.5M).
Long Term Liabilities: ENLT's short term assets ($540.3M) do not cover its long term liabilities ($2.6B).
Debt to Equity History and Analysis
Debt Level: ENLT's net debt to equity ratio (161%) is considered high.
Reducing Debt: ENLT's debt to equity ratio has reduced from 372.9% to 178.2% over the past 5 years.
Debt Coverage: ENLT's debt is not well covered by operating cash flow (5%).
Interest Coverage: ENLT's interest payments on its debt are not well covered by EBIT (2.8x coverage).