discoverIE Group Balance Sheet Health
Financial Health criteria checks 4/6
discoverIE Group has a total shareholder equity of £301.6M and total debt of £214.8M, which brings its debt-to-equity ratio to 71.2%. Its total assets and total liabilities are £668.7M and £367.1M respectively. discoverIE Group's EBIT is £41.8M making its interest coverage ratio 4.6. It has cash and short-term investments of £110.8M.
Key information
71.2%
Debt to equity ratio
UK£214.80m
Debt
| Interest coverage ratio | 4.6x |
| Cash | UK£110.80m |
| Equity | UK£301.60m |
| Total liabilities | UK£367.10m |
| Total assets | UK£668.70m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DSCVL's short term assets (£287.7M) exceed its short term liabilities (£185.4M).
Long Term Liabilities: DSCVL's short term assets (£287.7M) exceed its long term liabilities (£181.7M).
Debt to Equity History and Analysis
Debt Level: DSCVL's net debt to equity ratio (34.5%) is considered satisfactory.
Reducing Debt: DSCVL's debt to equity ratio has increased from 64% to 71.2% over the past 5 years.
Debt Coverage: DSCVL's debt is not well covered by operating cash flow (19.2%).
Interest Coverage: DSCVL's interest payments on its debt are well covered by EBIT (4.6x coverage).