Demant Balance Sheet Health
Financial Health criteria checks 3/6
Demant has a total shareholder equity of DKK9.5B and total debt of DKK13.1B, which brings its debt-to-equity ratio to 137.5%. Its total assets and total liabilities are DKK32.4B and DKK22.9B respectively. Demant's EBIT is DKK4.0B making its interest coverage ratio 7.8. It has cash and short-term investments of DKK1.0B.
Key information
137.5%
Debt to equity ratio
DKK 13.10b
Debt
| Interest coverage ratio | 7.8x |
| Cash | DKK 1.05b |
| Equity | DKK 9.52b |
| Total liabilities | DKK 22.87b |
| Total assets | DKK 32.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DEMA's short term assets (DKK10.7B) exceed its short term liabilities (DKK7.5B).
Long Term Liabilities: DEMA's short term assets (DKK10.7B) do not cover its long term liabilities (DKK15.4B).
Debt to Equity History and Analysis
Debt Level: DEMA's net debt to equity ratio (126.5%) is considered high.
Reducing Debt: DEMA's debt to equity ratio has increased from 95.3% to 137.5% over the past 5 years.
Debt Coverage: DEMA's debt is well covered by operating cash flow (27.8%).
Interest Coverage: DEMA's interest payments on its debt are well covered by EBIT (7.8x coverage).