discoverIE Group Balance Sheet Health
Financial Health criteria checks 4/6
discoverIE Group has a total shareholder equity of £305.8M and total debt of £234.0M, which brings its debt-to-equity ratio to 76.5%. Its total assets and total liabilities are £691.5M and £385.7M respectively. discoverIE Group's EBIT is £41.0M making its interest coverage ratio 7.2. It has cash and short-term investments of £122.7M.
Key information
76.5%
Debt to equity ratio
UK£234.00m
Debt
| Interest coverage ratio | 7.2x |
| Cash | UK£122.70m |
| Equity | UK£305.80m |
| Total liabilities | UK£385.70m |
| Total assets | UK£691.50m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9A5's short term assets (£296.2M) exceed its short term liabilities (£197.3M).
Long Term Liabilities: 9A5's short term assets (£296.2M) exceed its long term liabilities (£188.4M).
Debt to Equity History and Analysis
Debt Level: 9A5's net debt to equity ratio (36.4%) is considered satisfactory.
Reducing Debt: 9A5's debt to equity ratio has increased from 60.5% to 76.5% over the past 5 years.
Debt Coverage: 9A5's debt is not well covered by operating cash flow (16%).
Interest Coverage: 9A5's interest payments on its debt are well covered by EBIT (7.2x coverage).