Consolidated Edison Balance Sheet Health
Financial Health criteria checks 2/6
Consolidated Edison has a total shareholder equity of $21.9B and total debt of $25.7B, which brings its debt-to-equity ratio to 117.6%. Its total assets and total liabilities are $68.6B and $46.7B respectively. Consolidated Edison's EBIT is $3.4B making its interest coverage ratio 3.1. It has cash and short-term investments of $93.0M.
Key information
117.6%
Debt to equity ratio
US$25.75b
Debt
| Interest coverage ratio | 3.1x |
| Cash | US$93.00m |
| Equity | US$21.90b |
| Total liabilities | US$46.75b |
| Total assets | US$68.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ED's short term assets ($6.1B) exceed its short term liabilities ($6.0B).
Long Term Liabilities: ED's short term assets ($6.1B) do not cover its long term liabilities ($40.7B).
Debt to Equity History and Analysis
Debt Level: ED's net debt to equity ratio (117.2%) is considered high.
Reducing Debt: ED's debt to equity ratio has increased from 114.4% to 117.6% over the past 5 years.
Debt Coverage: ED's debt is not well covered by operating cash flow (12.7%).
Interest Coverage: ED's interest payments on its debt are well covered by EBIT (3.1x coverage).