Deep Value Driller Balance Sheet Health
Financial Health criteria checks 1/6
Deep Value Driller has a total shareholder equity of $12.5M and total debt of $122.2M, which brings its debt-to-equity ratio to 975.4%. Its total assets and total liabilities are $144.5M and $131.9M respectively. Deep Value Driller's EBIT is $32.2M making its interest coverage ratio 2.9. It has cash and short-term investments of $19.5M.
Key information
975.4%
Debt to equity ratio
US$122.22m
Debt
| Interest coverage ratio | 2.9x |
| Cash | US$19.48m |
| Equity | US$12.53m |
| Total liabilities | US$131.95m |
| Total assets | US$144.48m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: DVD's short term assets ($32.6M) exceed its short term liabilities ($7.4M).
Long Term Liabilities: DVD's short term assets ($32.6M) do not cover its long term liabilities ($124.6M).
Debt to Equity History and Analysis
Debt Level: DVD's net debt to equity ratio (819.9%) is considered high.
Reducing Debt: Insufficient data to determine if DVD's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: DVD's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: DVD's interest payments on its debt are not well covered by EBIT (2.9x coverage).