Consolidated Edison Balance Sheet Health
Financial Health criteria checks 2/6
Consolidated Edison has a total shareholder equity of $21.6B and total debt of $24.5B, which brings its debt-to-equity ratio to 113.2%. Its total assets and total liabilities are $66.7B and $45.1B respectively. Consolidated Edison's EBIT is $3.2B making its interest coverage ratio 3.1. It has cash and short-term investments of $169.0M.
Key information
113.2%
Debt to equity ratio
US$24.48b
Debt
Interest coverage ratio | 3.1x |
Cash | US$169.00m |
Equity | US$21.62b |
Total liabilities | US$45.07b |
Total assets | US$66.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EDC's short term assets ($6.2B) do not cover its short term liabilities ($6.2B).
Long Term Liabilities: EDC's short term assets ($6.2B) do not cover its long term liabilities ($38.8B).
Debt to Equity History and Analysis
Debt Level: EDC's net debt to equity ratio (112.5%) is considered high.
Reducing Debt: EDC's debt to equity ratio has reduced from 116.5% to 113.2% over the past 5 years.
Debt Coverage: EDC's debt is not well covered by operating cash flow (10.8%).
Interest Coverage: EDC's interest payments on its debt are well covered by EBIT (3.1x coverage).