Dr. Martens Balance Sheet Health
Financial Health criteria checks 5/6
Dr. Martens has a total shareholder equity of £368.2M and total debt of £294.7M, which brings its debt-to-equity ratio to 80%. Its total assets and total liabilities are £952.4M and £584.2M respectively. Dr. Martens's EBIT is £126.4M making its interest coverage ratio 4.3. It has cash and short-term investments of £111.1M.
Key information
80.0%
Debt to equity ratio
UK£294.70m
Debt
| Interest coverage ratio | 4.3x |
| Cash | UK£111.10m |
| Equity | UK£368.20m |
| Total liabilities | UK£584.20m |
| Total assets | UK£952.40m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3U2's short term assets (£437.2M) exceed its short term liabilities (£153.5M).
Long Term Liabilities: 3U2's short term assets (£437.2M) exceed its long term liabilities (£430.7M).
Debt to Equity History and Analysis
Debt Level: 3U2's net debt to equity ratio (49.9%) is considered high.
Reducing Debt: 3U2 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: 3U2's debt is well covered by operating cash flow (57%).
Interest Coverage: 3U2's interest payments on its debt are well covered by EBIT (4.3x coverage).