Diageo Balance Sheet Health
Financial Health criteria checks 3/6
Diageo has a total shareholder equity of $11.7B and total debt of $21.8B, which brings its debt-to-equity ratio to 185.7%. Its total assets and total liabilities are $46.8B and $35.0B respectively. Diageo's EBIT is $6.5B making its interest coverage ratio 7.2. It has cash and short-term investments of $1.5B.
Key information
185.7%
Debt to equity ratio
US$21.77b
Debt
| Interest coverage ratio | 7.2x |
| Cash | US$1.53b |
| Equity | US$11.72b |
| Total liabilities | US$35.04b |
| Total assets | US$46.77b |
Recent financial health updates
These 4 Measures Indicate That Diageo (LON:DGE) Is Using Debt Reasonably Well
May 05
Is Diageo (LON:DGE) A Risky Investment?
Dec 04Is Diageo (LON:DGE) Using Too Much Debt?
Sep 02Is Diageo (LON:DGE) A Risky Investment?
May 18Here's Why Diageo (LON:DGE) Can Manage Its Debt Responsibly
Feb 12Recent updates
Here's What To Make Of Diageo's (LON:DGE) Decelerating Rates Of Return
May 18These 4 Measures Indicate That Diageo (LON:DGE) Is Using Debt Reasonably Well
May 05Here's Why We Think Diageo (LON:DGE) Might Deserve Your Attention Today
Apr 06Diageo (LON:DGE) Is Increasing Its Dividend To £0.3083
Feb 13Diageo (LON:DGE) Hasn't Managed To Accelerate Its Returns
Feb 11Diageo's (LON:DGE) Upcoming Dividend Will Be Larger Than Last Year's
Jan 30Estimating The Fair Value Of Diageo plc (LON:DGE)
Jan 24Here's Why We Think Diageo (LON:DGE) Might Deserve Your Attention Today
Dec 16Is Diageo (LON:DGE) A Risky Investment?
Dec 04A Look At The Fair Value Of Diageo plc (LON:DGE)
Oct 25Diageo's (LON:DGE) Returns Have Hit A Wall
Oct 12Most Shareholders Will Probably Agree With Diageo plc's (LON:DGE) CEO Compensation
Sep 30Is Diageo (LON:DGE) Using Too Much Debt?
Sep 02Diageo's (LON:DGE) Upcoming Dividend Will Be Larger Than Last Year's
Aug 14Here's Why We Think Diageo (LON:DGE) Is Well Worth Watching
Aug 12Diageo (LON:DGE) Is Increasing Its Dividend To £0.4682
Jul 31Here's What To Make Of Diageo's (LON:DGE) Decelerating Rates Of Return
Jun 27An Intrinsic Calculation For Diageo plc (LON:DGE) Suggests It's 28% Undervalued
May 31Is Diageo (LON:DGE) A Risky Investment?
May 18Diageo (LON:DGE) Has More To Do To Multiply In Value Going Forward
Mar 25Diageo plc (LON:DGE) Shares Could Be 22% Below Their Intrinsic Value Estimate
Feb 27Diageo (LON:DGE) Has Announced That It Will Be Increasing Its Dividend To UK£0.29
Feb 13Here's Why Diageo (LON:DGE) Can Manage Its Debt Responsibly
Feb 12Diageo (LON:DGE) Is Paying Out A Larger Dividend Than Last Year
Jan 30Financial Position Analysis
Short Term Liabilities: DGE's short term assets ($16.8B) exceed its short term liabilities ($10.6B).
Long Term Liabilities: DGE's short term assets ($16.8B) do not cover its long term liabilities ($24.4B).
Debt to Equity History and Analysis
Debt Level: DGE's net debt to equity ratio (172.7%) is considered high.
Reducing Debt: DGE's debt to equity ratio has increased from 108% to 185.7% over the past 5 years.
Debt Coverage: DGE's debt is well covered by operating cash flow (20.8%).
Interest Coverage: DGE's interest payments on its debt are well covered by EBIT (7.2x coverage).