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Devro Balance Sheet Health
Financial Health criteria checks 3/6
Devro has a total shareholder equity of £129.6M and total debt of £118.6M, which brings its debt-to-equity ratio to 91.5%. Its total assets and total liabilities are £360.2M and £230.6M respectively. Devro's EBIT is £38.7M making its interest coverage ratio 8.8. It has cash and short-term investments of £23.3M.
Key information
91.5%
Debt to equity ratio
UK£118.60m
Debt
| Interest coverage ratio | 8.8x |
| Cash | UK£23.30m |
| Equity | UK£129.60m |
| Total liabilities | UK£230.60m |
| Total assets | UK£360.20m |
Recent financial health updates
No updates
Recent updates
Devro (LON:DVO) Has Announced That It Will Be Increasing Its Dividend To £0.029
Nov 17
Devro's (LON:DVO) Upcoming Dividend Will Be Larger Than Last Year's
Oct 20Devro's (LON:DVO) Shareholders Will Receive A Bigger Dividend Than Last Year
Aug 05Devro (LON:DVO) Has Announced That It Will Be Increasing Its Dividend To UK£0.065
Apr 28Devro (LON:DVO) Is Increasing Its Dividend To UK£0.065
Mar 05Shareholders Will Probably Hold Off On Increasing Devro plc's (LON:DVO) CEO Compensation For The Time Being
Apr 24Devro plc Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Mar 06What We Make Of Devro's (LON:DVO) Returns On Capital
Mar 03Is Devro plc (LON:DVO) Trading At A 47% Discount?
Feb 10How Does Devro plc (LON:DVO) Fare As A Dividend Stock?
Jan 19
Devro's (LON:DVO) Stock Price Has Reduced 46% In The Past Five Years
Dec 21It Might Not Be A Great Idea To Buy Devro plc (LON:DVO) For Its Next Dividend
Nov 29Financial Position Analysis
Short Term Liabilities: DVO's short term assets (£108.9M) do not cover its short term liabilities (£109.8M).
Long Term Liabilities: DVO's short term assets (£108.9M) do not cover its long term liabilities (£120.8M).
Debt to Equity History and Analysis
Debt Level: DVO's net debt to equity ratio (73.5%) is considered high.
Reducing Debt: DVO's debt to equity ratio has reduced from 136.7% to 91.5% over the past 5 years.
Debt Coverage: DVO's debt is well covered by operating cash flow (39.4%).
Interest Coverage: DVO's interest payments on its debt are well covered by EBIT (8.8x coverage).