DS Smith Balance Sheet Health
Financial Health criteria checks 2/6
DS Smith has a total shareholder equity of £4.0B and total debt of £2.7B, which brings its debt-to-equity ratio to 67.5%. Its total assets and total liabilities are £9.6B and £5.6B respectively. DS Smith's EBIT is £705.0M making its interest coverage ratio 9. It has cash and short-term investments of £908.0M.
Key information
67.5%
Debt to equity ratio
UK£2.72b
Debt
Interest coverage ratio | 9x |
Cash | UK£908.00m |
Equity | UK£4.03b |
Total liabilities | UK£5.61b |
Total assets | UK£9.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SMDSL's short term assets (£2.8B) do not cover its short term liabilities (£3.0B).
Long Term Liabilities: SMDSL's short term assets (£2.8B) exceed its long term liabilities (£2.6B).
Debt to Equity History and Analysis
Debt Level: SMDSL's net debt to equity ratio (44.9%) is considered high.
Reducing Debt: SMDSL's debt to equity ratio has increased from 66.1% to 67.5% over the past 5 years.
Debt Coverage: SMDSL's debt is not well covered by operating cash flow (13.5%).
Interest Coverage: SMDSL's interest payments on its debt are well covered by EBIT (9x coverage).