Discovery Balance Sheet Health
Financial Health criteria checks 3/6
Discovery has a total shareholder equity of ZAR52.2B and total debt of ZAR16.2B, which brings its debt-to-equity ratio to 31.1%. Its total assets and total liabilities are ZAR261.9B and ZAR209.7B respectively. Discovery's EBIT is ZAR10.0B making its interest coverage ratio 3.4. It has cash and short-term investments of ZAR169.7B.
Key information
31.1%
Debt to equity ratio
R16.23b
Debt
Interest coverage ratio | 3.4x |
Cash | R169.68b |
Equity | R52.21b |
Total liabilities | R209.72b |
Total assets | R261.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: D3H0's short term assets (ZAR179.1B) exceed its short term liabilities (ZAR29.9B).
Long Term Liabilities: D3H0's short term assets (ZAR179.1B) do not cover its long term liabilities (ZAR179.8B).
Debt to Equity History and Analysis
Debt Level: D3H0 has more cash than its total debt.
Reducing Debt: D3H0's debt to equity ratio has increased from 27.6% to 31.1% over the past 5 years.
Debt Coverage: D3H0's debt is not well covered by operating cash flow (2.3%).
Interest Coverage: D3H0's interest payments on its debt are well covered by EBIT (3.4x coverage).