Diversified Royalty Balance Sheet Health
Financial Health criteria checks 2/6
Diversified Royalty has a total shareholder equity of CA$287.9M and total debt of CA$260.7M, which brings its debt-to-equity ratio to 90.5%. Its total assets and total liabilities are CA$578.6M and CA$290.7M respectively. Diversified Royalty's EBIT is CA$57.7M making its interest coverage ratio 3.4. It has cash and short-term investments of CA$16.5M.
Key information
90.5%
Debt to equity ratio
CA$260.66m
Debt
| Interest coverage ratio | 3.4x |
| Cash | CA$16.51m |
| Equity | CA$287.90m |
| Total liabilities | CA$290.72m |
| Total assets | CA$578.61m |
Recent financial health updates
No updates
Recent updates
Diversified Royalty's (TSE:DIV) Dividend Will Be CA$0.0208
Nov 08
Diversified Royalty (TSE:DIV) Has Affirmed Its Dividend Of CA$0.0208
Oct 07Diversified Royalty (TSE:DIV) Has Announced A Dividend Of CA$0.0208
Aug 08Diversified Royalty (TSE:DIV) Has Affirmed Its Dividend Of CA$0.0208
Jul 11We Think Shareholders May Consider Being More Generous With Diversified Royalty Corp.'s (TSE:DIV) CEO Compensation Package
Jun 13Diversified Royalty (TSE:DIV) Is Due To Pay A Dividend Of CA$0.0208
Apr 07Diversified Royalty's (TSE:DIV) Earnings Are Of Questionable Quality
Mar 29Diversified Royalty's (TSE:DIV) Dividend Will Be CA$0.0204
Dec 09Diversified Royalty (TSE:DIV) Will Pay A Larger Dividend Than Last Year At CA$0.0204
Nov 09Diversified Royalty (TSE:DIV) Is Paying Out A Dividend Of CA$0.02
Oct 10Diversified Royalty's (TSE:DIV) Dividend Will Be CA$0.02
Sep 10Diversified Royalty's (TSE:DIV) Dividend Will Be CA$0.02
Aug 08Diversified Royalty (TSE:DIV) Will Pay A Dividend Of CA$0.02
Jul 08Diversified Royalty (TSE:DIV) Will Pay A Dividend Of CA$0.02
May 05Diversified Royalty (TSE:DIV) Will Pay A Dividend Of CA$0.02
Mar 07Diversified Royalty (TSE:DIV) Has Affirmed Its Dividend Of CA$0.02
Feb 07Diversified Royalty's (TSE:DIV) Dividend Will Be Increased To CA$0.02
Jan 08Diversified Royalty (TSE:DIV) Has Re-Affirmed Its Dividend Of CA$0.018
Jul 09Diversified Royalty (TSE:DIV) Has Re-Affirmed Its Dividend Of CA$0.018
Jun 07Financial Position Analysis
Short Term Liabilities: DIV's short term assets (CA$22.4M) exceed its short term liabilities (CA$5.2M).
Long Term Liabilities: DIV's short term assets (CA$22.4M) do not cover its long term liabilities (CA$285.5M).
Debt to Equity History and Analysis
Debt Level: DIV's net debt to equity ratio (84.8%) is considered high.
Reducing Debt: DIV's debt to equity ratio has increased from 70.6% to 90.5% over the past 5 years.
Debt Coverage: DIV's debt is not well covered by operating cash flow (16.2%).
Interest Coverage: DIV's interest payments on its debt are well covered by EBIT (3.4x coverage).