Dolphin Cove Balance Sheet Health
Financial Health criteria checks 5/6
Dolphin Cove has a total shareholder equity of $31.0M and total debt of $576.5K, which brings its debt-to-equity ratio to 1.9%. Its total assets and total liabilities are $37.1M and $6.1M respectively. Dolphin Cove's EBIT is $3.7M making its interest coverage ratio -56.8. It has cash and short-term investments of $1.2M.
Key information
1.9%
Debt to equity ratio
US$576.46k
Debt
| Interest coverage ratio | -56.8x |
| Cash | US$1.25m |
| Equity | US$31.02m |
| Total liabilities | US$6.11m |
| Total assets | US$37.12m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DCOVE's short term assets ($5.8M) exceed its short term liabilities ($3.3M).
Long Term Liabilities: DCOVE's short term assets ($5.8M) exceed its long term liabilities ($2.8M).
Debt to Equity History and Analysis
Debt Level: DCOVE has more cash than its total debt.
Reducing Debt: DCOVE's debt to equity ratio has increased from 0.8% to 1.9% over the past 5 years.
Debt Coverage: DCOVE's debt is well covered by operating cash flow (626.3%).
Interest Coverage: DCOVE earns more interest than it pays, so coverage of interest payments is not a concern.