Dover Balance Sheet Health
Financial Health criteria checks 5/6
Dover has a total shareholder equity of $5.2B and total debt of $3.9B, which brings its debt-to-equity ratio to 76.5%. Its total assets and total liabilities are $12.0B and $6.8B respectively. Dover's EBIT is $1.4B making its interest coverage ratio 12. It has cash and short-term investments of $930.0M.
Key information
76.5%
Debt to equity ratio
US$3.94b
Debt
Interest coverage ratio | 12x |
Cash | US$929.95m |
Equity | US$5.15b |
Total liabilities | US$6.83b |
Total assets | US$11.99b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DOV's short term assets ($3.9B) exceed its short term liabilities ($3.0B).
Long Term Liabilities: DOV's short term assets ($3.9B) exceed its long term liabilities ($3.8B).
Debt to Equity History and Analysis
Debt Level: DOV's net debt to equity ratio (58.5%) is considered high.
Reducing Debt: DOV's debt to equity ratio has reduced from 115.9% to 76.5% over the past 5 years.
Debt Coverage: DOV's debt is well covered by operating cash flow (32%).
Interest Coverage: DOV's interest payments on its debt are well covered by EBIT (12x coverage).