Doverie United Holding AD Balance Sheet Health
Financial Health criteria checks 3/6
Doverie United Holding AD has a total shareholder equity of BGN630.4M and total debt of BGN144.8M, which brings its debt-to-equity ratio to 23%. Its total assets and total liabilities are BGN3.4B and BGN2.8B respectively. Doverie United Holding AD's EBIT is BGN177.7M making its interest coverage ratio 2.1. It has cash and short-term investments of BGN1.1B.
Key information
23.0%
Debt to equity ratio
лв144.75m
Debt
| Interest coverage ratio | 2.1x |
| Cash | лв1.08b |
| Equity | лв630.40m |
| Total liabilities | лв2.75b |
| Total assets | лв3.38b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: DUH's short term assets (BGN1.2B) exceed its short term liabilities (BGN137.1M).
Long Term Liabilities: DUH's short term assets (BGN1.2B) do not cover its long term liabilities (BGN2.6B).
Debt to Equity History and Analysis
Debt Level: DUH has more cash than its total debt.
Reducing Debt: DUH's debt to equity ratio has reduced from 30.8% to 23% over the past 5 years.
Debt Coverage: DUH's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: DUH's interest payments on its debt are not well covered by EBIT (2.1x coverage).