EDAG Engineering Group Balance Sheet Health
Financial Health criteria checks 5/6
EDAG Engineering Group has a total shareholder equity of €162.7M and total debt of €157.0M, which brings its debt-to-equity ratio to 96.5%. Its total assets and total liabilities are €723.6M and €560.9M respectively. EDAG Engineering Group's EBIT is €38.5M making its interest coverage ratio 2.6. It has cash and short-term investments of €100.8M.
Key information
96.5%
Debt to equity ratio
€156.98m
Debt
| Interest coverage ratio | 2.6x |
| Cash | €100.79m |
| Equity | €162.72m |
| Total liabilities | €560.88m |
| Total assets | €723.60m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ED4's short term assets (€344.8M) exceed its short term liabilities (€259.0M).
Long Term Liabilities: ED4's short term assets (€344.8M) exceed its long term liabilities (€301.9M).
Debt to Equity History and Analysis
Debt Level: ED4's net debt to equity ratio (34.5%) is considered satisfactory.
Reducing Debt: ED4's debt to equity ratio has reduced from 122.3% to 96.5% over the past 5 years.
Debt Coverage: ED4's debt is well covered by operating cash flow (68.2%).
Interest Coverage: ED4's interest payments on its debt are not well covered by EBIT (2.6x coverage).