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Diageo Balance Sheet Health
Financial Health criteria checks 2/6
Diageo has a total shareholder equity of £9.9B and total debt of £17.9B, which brings its debt-to-equity ratio to 181.9%. Its total assets and total liabilities are £38.7B and £28.9B respectively. Diageo's EBIT is £5.3B making its interest coverage ratio 10.7. It has cash and short-term investments of £2.8B.
Key information
181.9%
Debt to equity ratio
UK£17.94b
Debt
| Interest coverage ratio | 10.7x |
| Cash | UK£2.77b |
| Equity | UK£9.87b |
| Total liabilities | UK£28.85b |
| Total assets | UK£38.72b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DGE's short term assets (£14.9B) exceed its short term liabilities (£9.5B).
Long Term Liabilities: DGE's short term assets (£14.9B) do not cover its long term liabilities (£19.3B).
Debt to Equity History and Analysis
Debt Level: DGE's net debt to equity ratio (153.8%) is considered high.
Reducing Debt: DGE's debt to equity ratio has increased from 85.8% to 181.9% over the past 5 years.
Debt Coverage: DGE's debt is not well covered by operating cash flow (18%).
Interest Coverage: DGE's interest payments on its debt are well covered by EBIT (10.7x coverage).