Edda Wind Balance Sheet Health
Financial Health criteria checks 2/6
Edda Wind has a total shareholder equity of €319.5M and total debt of €320.3M, which brings its debt-to-equity ratio to 100.3%. Its total assets and total liabilities are €652.2M and €332.7M respectively. Edda Wind's EBIT is €1.2M making its interest coverage ratio 0.1. It has cash and short-term investments of €34.8M.
Key information
100.3%
Debt to equity ratio
€320.33m
Debt
| Interest coverage ratio | 0.1x |
| Cash | €34.83m |
| Equity | €319.48m |
| Total liabilities | €332.73m |
| Total assets | €652.21m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: EWIND's short term assets (€54.7M) exceed its short term liabilities (€33.3M).
Long Term Liabilities: EWIND's short term assets (€54.7M) do not cover its long term liabilities (€299.4M).
Debt to Equity History and Analysis
Debt Level: EWIND's net debt to equity ratio (89.4%) is considered high.
Reducing Debt: EWIND's debt to equity ratio has reduced from 159.2% to 100.3% over the past 5 years.
Debt Coverage: EWIND's debt is not well covered by operating cash flow (0.6%).
Interest Coverage: EWIND's interest payments on its debt are not well covered by EBIT (0.1x coverage).