DGL Group Balance Sheet Health
Financial Health criteria checks 5/6
DGL Group has a total shareholder equity of A$339.4M and total debt of A$138.5M, which brings its debt-to-equity ratio to 40.8%. Its total assets and total liabilities are A$594.6M and A$255.2M respectively. DGL Group's EBIT is A$36.0M making its interest coverage ratio 3.8. It has cash and short-term investments of A$21.2M.
Key information
40.8%
Debt to equity ratio
AU$138.47m
Debt
| Interest coverage ratio | 3.8x |
| Cash | AU$21.23m |
| Equity | AU$339.36m |
| Total liabilities | AU$255.20m |
| Total assets | AU$594.56m |
Financial Position Analysis
Short Term Liabilities: DGL's short term assets (A$132.4M) exceed its short term liabilities (A$75.3M).
Long Term Liabilities: DGL's short term assets (A$132.4M) do not cover its long term liabilities (A$179.9M).
Debt to Equity History and Analysis
Debt Level: DGL's net debt to equity ratio (34.5%) is considered satisfactory.
Reducing Debt: DGL's debt to equity ratio has reduced from 110.1% to 40.8% over the past 5 years.
Debt Coverage: DGL's debt is well covered by operating cash flow (39.1%).
Interest Coverage: DGL's interest payments on its debt are well covered by EBIT (3.8x coverage).