Drax Group Balance Sheet Health
Financial Health criteria checks 4/6
Drax Group has a total shareholder equity of £2.0B and total debt of £1.4B, which brings its debt-to-equity ratio to 71.9%. Its total assets and total liabilities are £6.0B and £4.1B respectively. Drax Group's EBIT is £972.6M making its interest coverage ratio 9.7. It has cash and short-term investments of £379.5M.
Key information
71.9%
Debt to equity ratio
UK£1.43b
Debt
| Interest coverage ratio | 9.7x |
| Cash | UK£379.50m |
| Equity | UK£1.98b |
| Total liabilities | UK£4.06b |
| Total assets | UK£6.04b |
Recent financial health updates
Here's Why Drax Group (LON:DRX) Has A Meaningful Debt Burden
Apr 09
Here's Why Drax Group (LON:DRX) Has A Meaningful Debt Burden
Aug 18Is Drax Group (LON:DRX) Using Too Much Debt?
Apr 02Drax Group (LON:DRX) Has A Somewhat Strained Balance Sheet
Dec 16Drax Group (LON:DRX) Takes On Some Risk With Its Use Of Debt
Aug 24Is Drax Group (LON:DRX) Using Too Much Debt?
Mar 30Recent updates
What Does Drax Group plc's (LON:DRX) Share Price Indicate?
Apr 24Here's Why Drax Group (LON:DRX) Has A Meaningful Debt Burden
Apr 09Calculating The Intrinsic Value Of Drax Group plc (LON:DRX)
Feb 07Drax Group plc (LON:DRX) Doing What It Can To Lift Shares
Dec 24Drax Group plc (LON:DRX) Shares Could Be 23% Below Their Intrinsic Value Estimate
Oct 24Should You Investigate Drax Group plc (LON:DRX) At UK£5.20?
Sep 20Here's Why Drax Group (LON:DRX) Has A Meaningful Debt Burden
Aug 18Time To Worry? Analysts Just Downgraded Their Drax Group plc (LON:DRX) Outlook
Jul 30Estimating The Intrinsic Value Of Drax Group plc (LON:DRX)
Jul 20If EPS Growth Is Important To You, Drax Group (LON:DRX) Presents An Opportunity
Jun 28The Price Is Right For Drax Group plc (LON:DRX)
May 27Is Drax Group (LON:DRX) Using Too Much Debt?
Apr 02Should You Think About Buying Drax Group plc (LON:DRX) Now?
Jan 20Drax Group (LON:DRX) Has A Somewhat Strained Balance Sheet
Dec 16At UK£6.91, Is It Time To Put Drax Group plc (LON:DRX) On Your Watch List?
Sep 19Drax Group (LON:DRX) Takes On Some Risk With Its Use Of Debt
Aug 24Analysts' Revenue Estimates For Drax Group plc (LON:DRX) Are Surging Higher
Jul 28Drax Group plc (LON:DRX) Shares Could Be 35% Above Their Intrinsic Value Estimate
Jul 15Is Drax Group plc (LON:DRX) Potentially Undervalued?
May 22Is Drax Group (LON:DRX) Using Too Much Debt?
Mar 30We Think Drax Group's (LON:DRX) Profit Is Only A Baseline For What They Can Achieve
Mar 03Drax Group (LON:DRX) Has A Somewhat Strained Balance Sheet
Dec 09Is Drax Group (LON:DRX) A Risky Investment?
Aug 27Is Now The Time To Look At Buying Drax Group plc (LON:DRX)?
May 12Here's Why Drax Group (LON:DRX) Can Manage Its Debt Responsibly
Apr 15Shareholders Of Drax Group (LON:DRX) Must Be Happy With Their 102% Total Return
Feb 19
These 4 Measures Indicate That Drax Group (LON:DRX) Is Using Debt Reasonably Well
Dec 28Drax Group plc (LON:DRX) Insiders Increased Their Holdings
Dec 02Financial Position Analysis
Short Term Liabilities: DRX's short term assets (£2.3B) exceed its short term liabilities (£2.1B).
Long Term Liabilities: DRX's short term assets (£2.3B) exceed its long term liabilities (£2.0B).
Debt to Equity History and Analysis
Debt Level: DRX's net debt to equity ratio (52.7%) is considered high.
Reducing Debt: DRX's debt to equity ratio has increased from 33.3% to 71.9% over the past 5 years.
Debt Coverage: DRX's debt is well covered by operating cash flow (58.6%).
Interest Coverage: DRX's interest payments on its debt are well covered by EBIT (9.7x coverage).