discoverIE Group Balance Sheet Health
Financial Health criteria checks 5/6
discoverIE Group has a total shareholder equity of £296.6M and total debt of £214.3M, which brings its debt-to-equity ratio to 72.3%. Its total assets and total liabilities are £648.7M and £352.1M respectively. discoverIE Group's EBIT is £42.2M making its interest coverage ratio 4. It has cash and short-term investments of £115.6M.
Key information
72.3%
Debt to equity ratio
UK£214.30m
Debt
Interest coverage ratio | 4x |
Cash | UK£115.60m |
Equity | UK£296.60m |
Total liabilities | UK£352.10m |
Total assets | UK£648.70m |
Recent financial health updates
Here's Why discoverIE Group (LON:DSCV) Can Manage Its Debt Responsibly
Feb 14Does discoverIE Group (LON:DSCV) Have A Healthy Balance Sheet?
Sep 27These 4 Measures Indicate That discoverIE Group (LON:DSCV) Is Using Debt Safely
Dec 13discoverIE Group (LON:DSCV) Seems To Use Debt Rather Sparingly
Jul 30These 4 Measures Indicate That discoverIE Group (LON:DSCV) Is Using Debt Reasonably Well
Jul 12Is discoverIE Group (LON:DSCV) A Risky Investment?
Mar 11Recent updates
discoverIE Group (LON:DSCV) Will Pay A Dividend Of £0.039
Dec 06What You Can Learn From discoverIE Group plc's (LON:DSCV) P/E
Nov 27Calculating The Fair Value Of discoverIE Group plc (LON:DSCV)
Oct 16With discoverIE Group plc (LON:DSCV) It Looks Like You'll Get What You Pay For
Jul 12discoverIE Group's (LON:DSCV) Upcoming Dividend Will Be Larger Than Last Year's
Jun 08When Should You Buy discoverIE Group plc (LON:DSCV)?
Apr 18Unpleasant Surprises Could Be In Store For discoverIE Group plc's (LON:DSCV) Shares
Mar 23Here's Why discoverIE Group (LON:DSCV) Can Manage Its Debt Responsibly
Feb 14discoverIE Group (LON:DSCV) Hasn't Managed To Accelerate Its Returns
Jan 31Does discoverIE Group (LON:DSCV) Deserve A Spot On Your Watchlist?
Jan 04discoverIE Group (LON:DSCV) Is Due To Pay A Dividend Of £0.0375
Dec 13discoverIE Group plc's (LON:DSCV) Intrinsic Value Is Potentially 21% Below Its Share Price
Nov 30Is Now The Time To Look At Buying discoverIE Group plc (LON:DSCV)?
Nov 10discoverIE Group (LON:DSCV) Has More To Do To Multiply In Value Going Forward
Oct 20Does discoverIE Group (LON:DSCV) Have A Healthy Balance Sheet?
Sep 27Should You Be Adding discoverIE Group (LON:DSCV) To Your Watchlist Today?
Aug 19discoverIE Group (LON:DSCV) Is Increasing Its Dividend To £0.079
Jun 10Returns On Capital At discoverIE Group (LON:DSCV) Have Stalled
May 25These 4 Measures Indicate That discoverIE Group (LON:DSCV) Is Using Debt Safely
Dec 13discoverIE Group's (LON:DSCV) Upcoming Dividend Will Be Larger Than Last Year's
Nov 26discoverIE Group's (LON:DSCV) Returns Have Hit A Wall
Nov 08Is There Now An Opportunity In discoverIE Group plc (LON:DSCV)?
Aug 12discoverIE Group (LON:DSCV) Seems To Use Debt Rather Sparingly
Jul 30discoverIE Group (LON:DSCV) Will Pay A Larger Dividend Than Last Year At UK£0.074
Jun 17discoverIE Group's (LON:DSCV) Returns Have Hit A Wall
May 07Estimating The Fair Value Of discoverIE Group plc (LON:DSCV)
Apr 19Here's What To Make Of discoverIE Group's (LON:DSCV) Decelerating Rates Of Return
Jan 01discoverIE Group (LON:DSCV) Is Increasing Its Dividend To UK£0.034
Dec 02Increases to CEO Compensation Might Be Put On Hold For Now at discoverIE Group plc (LON:DSCV)
Jul 23These 4 Measures Indicate That discoverIE Group (LON:DSCV) Is Using Debt Reasonably Well
Jul 12discoverIE Group plc's (LON:DSCV) Intrinsic Value Is Potentially 18% Below Its Share Price
Jun 24Return Trends At discoverIE Group (LON:DSCV) Aren't Appealing
Mar 29Is discoverIE Group (LON:DSCV) A Risky Investment?
Mar 11Is discoverIE Group plc (LON:DSCV) An Attractive Dividend Stock?
Feb 20Financial Position Analysis
Short Term Liabilities: DSCV's short term assets (£281.9M) exceed its short term liabilities (£180.5M).
Long Term Liabilities: DSCV's short term assets (£281.9M) exceed its long term liabilities (£171.6M).
Debt to Equity History and Analysis
Debt Level: DSCV's net debt to equity ratio (33.3%) is considered satisfactory.
Reducing Debt: DSCV's debt to equity ratio has increased from 47.6% to 72.3% over the past 5 years.
Debt Coverage: DSCV's debt is well covered by operating cash flow (23%).
Interest Coverage: DSCV's interest payments on its debt are well covered by EBIT (4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
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Company Analysis | 2024/12/22 01:26 |
End of Day Share Price | 2024/12/20 00:00 |
Earnings | 2024/09/30 |
Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
Package | Data | Timeframe | Example US Source * |
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Company Financials | 10 years |
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Analyst Consensus Estimates | +3 years |
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Market Prices | 30 years |
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Ownership | 10 years |
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Management | 10 years |
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Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
discoverIE Group plc is covered by 28 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
Analyst | Institution |
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Robert Chantry | Berenberg |
James Bayliss | Berenberg |
Caroline De la Soujeole | Cantor Fitzgerald Europe |