DFDS Balance Sheet Health
Financial Health criteria checks 2/6
DFDS has a total shareholder equity of DKK13.6B and total debt of DKK11.4B, which brings its debt-to-equity ratio to 83.7%. Its total assets and total liabilities are DKK37.0B and DKK23.4B respectively. DFDS's EBIT is DKK2.1B making its interest coverage ratio 2.9. It has cash and short-term investments of DKK944.0M.
Key information
83.7%
Debt to equity ratio
kr.11.42b
Debt
Interest coverage ratio | 2.9x |
Cash | kr.944.00m |
Equity | kr.13.65b |
Total liabilities | kr.23.35b |
Total assets | kr.37.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DFDSC's short term assets (DKK6.9B) do not cover its short term liabilities (DKK7.0B).
Long Term Liabilities: DFDSC's short term assets (DKK6.9B) do not cover its long term liabilities (DKK16.3B).
Debt to Equity History and Analysis
Debt Level: DFDSC's net debt to equity ratio (76.8%) is considered high.
Reducing Debt: DFDSC's debt to equity ratio has reduced from 107.6% to 83.7% over the past 5 years.
Debt Coverage: DFDSC's debt is well covered by operating cash flow (28.6%).
Interest Coverage: DFDSC's interest payments on its debt are not well covered by EBIT (2.9x coverage).