Dr. Martens plc

BATS-CHIXE:DOCSL Stock Report

Market Cap: UK£531.1m

Dr. Martens Balance Sheet Health

Financial Health criteria checks 5/6

Dr. Martens has a total shareholder equity of £368.2M and total debt of £294.7M, which brings its debt-to-equity ratio to 80%. Its total assets and total liabilities are £952.4M and £584.2M respectively. Dr. Martens's EBIT is £126.4M making its interest coverage ratio 4.3. It has cash and short-term investments of £111.1M.

Key information

80.0%

Debt to equity ratio

UK£294.70m

Debt

Interest coverage ratio4.3x
CashUK£111.10m
EquityUK£368.20m
Total liabilitiesUK£584.20m
Total assetsUK£952.40m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: DOCSL's short term assets (£437.2M) exceed its short term liabilities (£153.5M).

Long Term Liabilities: DOCSL's short term assets (£437.2M) exceed its long term liabilities (£430.7M).


Debt to Equity History and Analysis

Debt Level: DOCSL's net debt to equity ratio (49.9%) is considered high.

Reducing Debt: DOCSL had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: DOCSL's debt is well covered by operating cash flow (57%).

Interest Coverage: DOCSL's interest payments on its debt are well covered by EBIT (4.3x coverage).


Balance Sheet


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