Dr. Martens Balance Sheet Health
Financial Health criteria checks 6/6
Dr. Martens has a total shareholder equity of £404.2M and total debt of £293.4M, which brings its debt-to-equity ratio to 72.6%. Its total assets and total liabilities are £992.6M and £588.4M respectively. Dr. Martens's EBIT is £190.8M making its interest coverage ratio 11.4. It has cash and short-term investments of £157.5M.
Key information
72.6%
Debt to equity ratio
UK£293.40m
Debt
| Interest coverage ratio | 11.4x |
| Cash | UK£157.50m |
| Equity | UK£404.20m |
| Total liabilities | UK£588.40m |
| Total assets | UK£992.60m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DOCS N's short term assets (£508.8M) exceed its short term liabilities (£164.5M).
Long Term Liabilities: DOCS N's short term assets (£508.8M) exceed its long term liabilities (£423.9M).
Debt to Equity History and Analysis
Debt Level: DOCS N's net debt to equity ratio (33.6%) is considered satisfactory.
Reducing Debt: DOCS N had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: DOCS N's debt is well covered by operating cash flow (26.3%).
Interest Coverage: DOCS N's interest payments on its debt are well covered by EBIT (11.4x coverage).