De La Rue Balance Sheet Health
Financial Health criteria checks 3/6
De La Rue has a total shareholder equity of £2.6M and total debt of £117.2M, which brings its debt-to-equity ratio to 4507.7%. Its total assets and total liabilities are £294.3M and £291.7M respectively. De La Rue's EBIT is £17.5M making its interest coverage ratio 0.9. It has cash and short-term investments of £29.3M.
Key information
4,507.7%
Debt to equity ratio
UK£117.20m
Debt
| Interest coverage ratio | 0.9x |
| Cash | UK£29.30m |
| Equity | UK£2.60m |
| Total liabilities | UK£291.70m |
| Total assets | UK£294.30m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DL1C's short term assets (£161.4M) exceed its short term liabilities (£110.8M).
Long Term Liabilities: DL1C's short term assets (£161.4M) do not cover its long term liabilities (£180.9M).
Debt to Equity History and Analysis
Debt Level: DL1C's net debt to equity ratio (3380.8%) is considered high.
Reducing Debt: DL1C had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: DL1C's debt is well covered by operating cash flow (22.4%).
Interest Coverage: DL1C's interest payments on its debt are not well covered by EBIT (0.9x coverage).