Downer EDI Balance Sheet Health
Financial Health criteria checks 3/6
Downer EDI has a total shareholder equity of A$2.3B and total debt of A$1.6B, which brings its debt-to-equity ratio to 70.2%. Its total assets and total liabilities are A$7.3B and A$5.0B respectively. Downer EDI's EBIT is A$193.0M making its interest coverage ratio 2.2. It has cash and short-term investments of A$891.4M.
Key information
70.2%
Debt to equity ratio
AU$1.61b
Debt
Interest coverage ratio | 2.2x |
Cash | AU$891.40m |
Equity | AU$2.29b |
Total liabilities | AU$5.02b |
Total assets | AU$7.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DNER.Y's short term assets (A$3.4B) exceed its short term liabilities (A$2.9B).
Long Term Liabilities: DNER.Y's short term assets (A$3.4B) exceed its long term liabilities (A$2.2B).
Debt to Equity History and Analysis
Debt Level: DNER.Y's net debt to equity ratio (31.2%) is considered satisfactory.
Reducing Debt: DNER.Y's debt to equity ratio has increased from 47.4% to 70.2% over the past 5 years.
Debt Coverage: DNER.Y's debt is not well covered by operating cash flow (19.8%).
Interest Coverage: DNER.Y's interest payments on its debt are not well covered by EBIT (2.2x coverage).