Delorean Balance Sheet Health
Financial Health criteria checks 4/6
Delorean has a total shareholder equity of A$8.8M and total debt of A$6.9M, which brings its debt-to-equity ratio to 78.4%. Its total assets and total liabilities are A$28.1M and A$19.3M respectively. Delorean's EBIT is A$4.7M making its interest coverage ratio 3.8. It has cash and short-term investments of A$8.8M.
Key information
78.4%
Debt to equity ratio
AU$6.88m
Debt
| Interest coverage ratio | 3.8x |
| Cash | AU$8.84m |
| Equity | AU$8.77m |
| Total liabilities | AU$19.28m |
| Total assets | AU$28.05m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DEL's short term assets (A$10.0M) do not cover its short term liabilities (A$15.5M).
Long Term Liabilities: DEL's short term assets (A$10.0M) exceed its long term liabilities (A$3.8M).
Debt to Equity History and Analysis
Debt Level: DEL has more cash than its total debt.
Reducing Debt: Insufficient data to determine if DEL's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: DEL's debt is well covered by operating cash flow (105.4%).
Interest Coverage: DEL's interest payments on its debt are well covered by EBIT (3.8x coverage).