Dolphin Cove Balance Sheet Health
Financial Health criteria checks 5/6
Dolphin Cove has a total shareholder equity of $31.8M and total debt of $616.3K, which brings its debt-to-equity ratio to 1.9%. Its total assets and total liabilities are $37.9M and $6.2M respectively. Dolphin Cove's EBIT is $4.3M making its interest coverage ratio -315.8. It has cash and short-term investments of $2.1M.
Key information
1.9%
Debt to equity ratio
US$616.29k
Debt
Interest coverage ratio | -315.8x |
Cash | US$2.09m |
Equity | US$31.79m |
Total liabilities | US$6.16m |
Total assets | US$37.95m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DCOVE's short term assets ($6.6M) exceed its short term liabilities ($4.1M).
Long Term Liabilities: DCOVE's short term assets ($6.6M) exceed its long term liabilities ($2.1M).
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 (824.9%).
Interest Coverage: DCOVE earns more interest than it pays, so coverage of interest payments is not a concern.