Diversified Royalty Balance Sheet Health
Financial Health criteria checks 1/6
Diversified Royalty has a total shareholder equity of CA$237.4M and total debt of CA$305.0M, which brings its debt-to-equity ratio to 128.5%. Its total assets and total liabilities are CA$567.4M and CA$329.9M respectively. Diversified Royalty's EBIT is CA$50.7M making its interest coverage ratio 3.4. It has cash and short-term investments of CA$6.3M.
Key information
128.5%
Debt to equity ratio
CA$305.01m
Debt
| Interest coverage ratio | 3.4x |
| Cash | CA$6.31m |
| Equity | CA$237.40m |
| Total liabilities | CA$329.95m |
| Total assets | CA$567.35m |
Recent financial health updates
No updates
Recent updates
Diversified Royalty (TSE:DIV) Is Due To Pay A Dividend Of CA$0.0208
Apr 07
Diversified 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 07Shareholders Will Most Likely Find Diversified Royalty Corp.'s (TSE:DIV) CEO Compensation Acceptable
Jun 22Calculating The Fair Value Of Diversified Royalty Corp. (TSE:DIV)
May 02What Is Diversified Royalty Corp.'s (TSE:DIV) Share Price Doing?
Mar 26Is Diversified Royalty Corp. (TSE:DIV) At Risk Of Cutting Its Dividend?
Mar 08Diversified Royalty (TSE:DIV) Has Returned Negative 6.8% To Its Shareholders In The Past Three Years
Feb 01
Financial Position Analysis
Short Term Liabilities: DIV's short term assets (CA$12.8M) do not cover its short term liabilities (CA$18.5M).
Long Term Liabilities: DIV's short term assets (CA$12.8M) do not cover its long term liabilities (CA$311.4M).
Debt to Equity History and Analysis
Debt Level: DIV's net debt to equity ratio (125.8%) is considered high.
Reducing Debt: DIV's debt to equity ratio has increased from 60.7% to 128.5% over the past 5 years.
Debt Coverage: DIV's debt is not well covered by operating cash flow (10.1%).
Interest Coverage: DIV's interest payments on its debt are well covered by EBIT (3.4x coverage).