Daseke Balance Sheet Health
Financial Health criteria checks 3/6
Daseke has a total shareholder equity of $151.4M and total debt of $635.3M, which brings its debt-to-equity ratio to 419.6%. Its total assets and total liabilities are $1.1B and $984.7M respectively. Daseke's EBIT is $43.8M making its interest coverage ratio 0.9. It has cash and short-term investments of $76.6M.
Key information
419.6%
Debt to equity ratio
US$635.30m
Debt
Interest coverage ratio | 0.9x |
Cash | US$76.60m |
Equity | US$151.40m |
Total liabilities | US$984.70m |
Total assets | US$1.14b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1VG's short term assets ($281.7M) exceed its short term liabilities ($250.6M).
Long Term Liabilities: 1VG's short term assets ($281.7M) do not cover its long term liabilities ($734.1M).
Debt to Equity History and Analysis
Debt Level: 1VG's net debt to equity ratio (369%) is considered high.
Reducing Debt: 1VG's debt to equity ratio has increased from 149.4% to 419.6% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 1VG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 1VG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 13% per year.