Diageo Balance Sheet Health
Financial Health criteria checks 3/6
Diageo has a total shareholder equity of $11.7B and total debt of $21.8B, which brings its debt-to-equity ratio to 185.7%. Its total assets and total liabilities are $46.8B and $35.0B respectively. Diageo's EBIT is $6.5B making its interest coverage ratio 7.2. It has cash and short-term investments of $1.5B.
Key information
185.7%
Debt to equity ratio
US$21.77b
Debt
Interest coverage ratio | 7.2x |
Cash | US$1.53b |
Equity | US$11.72b |
Total liabilities | US$35.04b |
Total assets | US$46.77b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GUIA's short term assets ($16.8B) exceed its short term liabilities ($10.6B).
Long Term Liabilities: GUIA's short term assets ($16.8B) do not cover its long term liabilities ($24.4B).
Debt to Equity History and Analysis
Debt Level: GUIA's net debt to equity ratio (172.7%) is considered high.
Reducing Debt: GUIA's debt to equity ratio has increased from 108% to 185.7% over the past 5 years.
Debt Coverage: GUIA's debt is well covered by operating cash flow (20.8%).
Interest Coverage: GUIA's interest payments on its debt are well covered by EBIT (7.2x coverage).