Dover Balance Sheet Health
Financial Health criteria checks 4/6
Dover has a total shareholder equity of $5.7B and total debt of $3.4B, which brings its debt-to-equity ratio to 59.4%. Its total assets and total liabilities are $11.9B and $6.2B respectively. Dover's EBIT is $1.4B making its interest coverage ratio 12.4. It has cash and short-term investments of $386.8M.
Key information
59.4%
Debt to equity ratio
US$3.39b
Debt
| Interest coverage ratio | 12.4x |
| Cash | US$386.77m |
| Equity | US$5.70b |
| Total liabilities | US$6.21b |
| Total assets | US$11.91b |
Recent financial health updates
Here's Why Dover (NYSE:DOV) Can Manage Its Debt Responsibly
Nov 23
Is Dover (NYSE:DOV) A Risky Investment?
Aug 20Is Dover (NYSE:DOV) Using Too Much Debt?
Jan 15Recent updates
Dover Corp.: The Market Price Has Run Ahead For This Strong Income Generator
Nov 28Here's Why Dover (NYSE:DOV) Can Manage Its Debt Responsibly
Nov 23Dover (NYSE:DOV) Has Affirmed Its Dividend Of $0.515
Nov 12Getting In Cheap On Dover Corporation (NYSE:DOV) Is Unlikely
Nov 05At US$194, Is Dover Corporation (NYSE:DOV) Worth Looking At Closely?
Oct 19Dover's (NYSE:DOV) Returns Have Hit A Wall
Oct 08Dover Corporation: Continued Portfolio Optimization
Sep 18Does Dover (NYSE:DOV) Deserve A Spot On Your Watchlist?
Sep 05Dover (NYSE:DOV) Has Affirmed Its Dividend Of $0.515
Aug 21Is Dover (NYSE:DOV) A Risky Investment?
Aug 20Earnings Beat: Dover Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Jul 29Some Shareholders Feeling Restless Over Dover Corporation's (NYSE:DOV) P/E Ratio
Jul 22Is Dover Corporation (NYSE:DOV) Potentially Undervalued?
Jul 11Dover: Excellent Economics Well Captured At Current Multiples
Jul 04Is Dover Corporation (NYSE:DOV) Trading At A 26% Discount?
Jun 29Investors Met With Slowing Returns on Capital At Dover (NYSE:DOV)
Jun 18Dover: Quality Growth Ahead, But This Dividend Aristocrat Is Fairly Priced
May 21Do Dover's (NYSE:DOV) Earnings Warrant Your Attention?
May 14We Think You Should Be Aware Of Some Concerning Factors In Dover's (NYSE:DOV) Earnings
May 03Dover Corporation's (NYSE:DOV) Share Price Could Signal Some Risk
Mar 30Dover Corporation's (NYSE:DOV) Intrinsic Value Is Potentially 38% Above Its Share Price
Mar 18Here's What To Make Of Dover's (NYSE:DOV) Decelerating Rates Of Return
Mar 06Dover Corporation Is Not A Buy At Its New High
Mar 05Dover Corporation (NYSE:DOV) Annual Results Just Came Out: Here's What Analysts Are Forecasting For This Year
Feb 13Dover's (NYSE:DOV) Dividend Will Be $0.51
Feb 12Is Dover Corporation (NYSE:DOV) Potentially Undervalued?
Jan 27Dover Corporation: Continued Transformation, Continued Growth Challenges
Jan 16Is Dover (NYSE:DOV) Using Too Much Debt?
Jan 15Dover Corporation: Government's Push For Greener Environment Serves As Catalyst
Nov 08Dover: Too Expensive Despite Potential Growth Prospects
Oct 05Financial Position Analysis
Short Term Liabilities: DOV's short term assets ($3.7B) exceed its short term liabilities ($2.4B).
Long Term Liabilities: DOV's short term assets ($3.7B) do not cover its long term liabilities ($3.8B).
Debt to Equity History and Analysis
Debt Level: DOV's net debt to equity ratio (52.7%) is considered high.
Reducing Debt: DOV's debt to equity ratio has reduced from 102.4% to 59.4% over the past 5 years.
Debt Coverage: DOV's debt is well covered by operating cash flow (37.6%).
Interest Coverage: DOV's interest payments on its debt are well covered by EBIT (12.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 12:40 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Dover Corporation is covered by 36 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Christopher Bamman | Ascendiant Capital Markets LLC |
| Michael Halloran | Baird |
| Robert Cornell | Barclays |