DCC Balance Sheet Health
Financial Health criteria checks 6/6
DCC has a total shareholder equity of £3.1B and total debt of £2.0B, which brings its debt-to-equity ratio to 64%. Its total assets and total liabilities are £8.9B and £5.8B respectively. DCC's EBIT is £580.4M making its interest coverage ratio 5.8. It has cash and short-term investments of £829.6M.
Key information
64.0%
Debt to equity ratio
UK£1.97b
Debt
| Interest coverage ratio | 5.8x |
| Cash | UK£829.58m |
| Equity | UK£3.08b |
| Total liabilities | UK£5.85b |
| Total assets | UK£8.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DCCL's short term assets (£3.9B) exceed its short term liabilities (£3.0B).
Long Term Liabilities: DCCL's short term assets (£3.9B) exceed its long term liabilities (£2.8B).
Debt to Equity History and Analysis
Debt Level: DCCL's net debt to equity ratio (37%) is considered satisfactory.
Reducing Debt: DCCL's debt to equity ratio has reduced from 89.5% to 64% over the past 5 years.
Debt Coverage: DCCL's debt is well covered by operating cash flow (30.9%).
Interest Coverage: DCCL's interest payments on its debt are well covered by EBIT (5.8x coverage).