Dover Balance Sheet Health
Financial Health criteria checks 4/6
Dover has a total shareholder equity of $5.1B and total debt of $3.5B, which brings its debt-to-equity ratio to 67.8%. Its total assets and total liabilities are $11.3B and $6.2B respectively. Dover's EBIT is $1.4B making its interest coverage ratio 12. It has cash and short-term investments of $398.6M.
Key information
67.8%
Debt to equity ratio
US$3.46b
Debt
Interest coverage ratio | 12x |
Cash | US$398.56m |
Equity | US$5.11b |
Total liabilities | US$6.24b |
Total assets | US$11.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: D1OV34's short term assets ($3.4B) exceed its short term liabilities ($2.4B).
Long Term Liabilities: D1OV34's short term assets ($3.4B) do not cover its long term liabilities ($3.8B).
Debt to Equity History and Analysis
Debt Level: D1OV34's net debt to equity ratio (60%) is considered high.
Reducing Debt: D1OV34's debt to equity ratio has reduced from 114.3% to 67.8% over the past 5 years.
Debt Coverage: D1OV34's debt is well covered by operating cash flow (38.6%).
Interest Coverage: D1OV34's interest payments on its debt are well covered by EBIT (12x coverage).