Dover Balance Sheet Health
Financial Health criteria checks 3/6
Dover has a total shareholder equity of $4.0B and total debt of $3.6B, which brings its debt-to-equity ratio to 91%. Its total assets and total liabilities are $10.7B and $6.7B respectively. Dover's EBIT is $1.3B making its interest coverage ratio 12.8. It has cash and short-term investments of $306.0M.
Key information
91.0%
Debt to equity ratio
US$3.63b
Debt
Interest coverage ratio | 12.8x |
Cash | US$306.00m |
Equity | US$3.99b |
Total liabilities | US$6.66b |
Total assets | US$10.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DOV's short term assets ($3.4B) exceed its short term liabilities ($2.9B).
Long Term Liabilities: DOV's short term assets ($3.4B) do not cover its long term liabilities ($3.8B).
Debt to Equity History and Analysis
Debt Level: DOV's net debt to equity ratio (83.3%) is considered high.
Reducing Debt: DOV's debt to equity ratio has increased from 81.1% to 91% over the past 5 years.
Debt Coverage: DOV's debt is well covered by operating cash flow (21.9%).
Interest Coverage: DOV's interest payments on its debt are well covered by EBIT (12.8x coverage).