Develop North Balance Sheet Health
Financial Health criteria checks 4/6
Develop North has a total shareholder equity of £19.9M and total debt of £1.1M, which brings its debt-to-equity ratio to 5.7%. Its total assets and total liabilities are £21.1M and £1.3M respectively.
Key information
5.7%
Debt to equity ratio
UK£1.13m
Debt
| Interest coverage ratio | n/a |
| Cash | UK£239.00k |
| Equity | UK£19.87m |
| Total liabilities | UK£1.26m |
| Total assets | UK£21.13m |
Recent financial health updates
No updates
Recent updates
Develop North (LON:DVNO) Will Pay A Dividend Of £0.01
Jun 04
Develop North (LON:DVNO) Will Pay A Dividend Of £0.01
Nov 26Develop North (LON:DVNO) Has Announced A Dividend Of £0.01
Sep 02Develop North (LON:DVNO) Has Affirmed Its Dividend Of £0.01
Jun 03Develop North (LON:DVNO) Is Due To Pay A Dividend Of £0.01
Sep 02Develop North (LON:DVNO) Is Due To Pay A Dividend Of UK£0.01
Jun 06Financial Position Analysis
Short Term Liabilities: DVNO's short term assets (£18.1M) exceed its short term liabilities (£1.3M).
Long Term Liabilities: DVNO has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: DVNO's net debt to equity ratio (4.5%) is considered satisfactory.
Reducing Debt: DVNO's debt to equity ratio has increased from 2.7% to 5.7% over the past 5 years.
Debt Coverage: DVNO's debt is well covered by operating cash flow (65.5%).
Interest Coverage: Insufficient data to determine if DVNO's interest payments on its debt are well covered by EBIT.