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 66.9%. Its total assets and total liabilities are £9.2B and £6.2B respectively. DCC's EBIT is £556.0M making its interest coverage ratio 5.8. It has cash and short-term investments of £882.9M.
Key information
66.9%
Debt to equity ratio
UK£2.05b
Debt
Interest coverage ratio | 5.8x |
Cash | UK£882.92m |
Equity | UK£3.06b |
Total liabilities | UK£6.17b |
Total assets | UK£9.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DCCL's short term assets (£4.3B) exceed its short term liabilities (£3.6B).
Long Term Liabilities: DCCL's short term assets (£4.3B) exceed its long term liabilities (£2.6B).
Debt to Equity History and Analysis
Debt Level: DCCL's net debt to equity ratio (38%) is considered satisfactory.
Reducing Debt: DCCL's debt to equity ratio has reduced from 115.3% to 66.9% over the past 5 years.
Debt Coverage: DCCL's debt is well covered by operating cash flow (31.9%).
Interest Coverage: DCCL's interest payments on its debt are well covered by EBIT (5.8x coverage).