Downer EDI Balance Sheet Health
Financial Health criteria checks 4/6
Downer EDI has a total shareholder equity of A$2.3B and total debt of A$1.2B, which brings its debt-to-equity ratio to 54.1%. Its total assets and total liabilities are A$6.6B and A$4.3B respectively. Downer EDI's EBIT is A$222.9M making its interest coverage ratio 2.3. It has cash and short-term investments of A$554.7M.
Key information
54.1%
Debt to equity ratio
AU$1.25b
Debt
| Interest coverage ratio | 2.3x |
| Cash | AU$554.70m |
| Equity | AU$2.30b |
| Total liabilities | AU$4.28b |
| Total assets | AU$6.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DNER.F's short term assets (A$2.8B) exceed its short term liabilities (A$2.5B).
Long Term Liabilities: DNER.F's short term assets (A$2.8B) exceed its long term liabilities (A$1.8B).
Debt to Equity History and Analysis
Debt Level: DNER.F's net debt to equity ratio (30%) is considered satisfactory.
Reducing Debt: DNER.F's debt to equity ratio has increased from 47.2% to 54.1% over the past 5 years.
Debt Coverage: DNER.F's debt is well covered by operating cash flow (41.9%).
Interest Coverage: DNER.F's interest payments on its debt are not well covered by EBIT (2.3x coverage).