DCC Balance Sheet Health
Financial Health criteria checks 6/6
DCC has a total shareholder equity of £3.2B and total debt of £2.0B, which brings its debt-to-equity ratio to 62.6%. Its total assets and total liabilities are £9.5B and £6.3B respectively. DCC's EBIT is £567.3M making its interest coverage ratio 5.8. It has cash and short-term investments of £1.1B.
Key information
62.6%
Debt to equity ratio
UK£1.99b
Debt
Interest coverage ratio | 5.8x |
Cash | UK£1.11b |
Equity | UK£3.18b |
Total liabilities | UK£6.30b |
Total assets | UK£9.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DCCP.F's short term assets (£4.4B) exceed its short term liabilities (£3.7B).
Long Term Liabilities: DCCP.F's short term assets (£4.4B) exceed its long term liabilities (£2.6B).
Debt to Equity History and Analysis
Debt Level: DCCP.F's net debt to equity ratio (27.7%) is considered satisfactory.
Reducing Debt: DCCP.F's debt to equity ratio has reduced from 73.3% to 62.6% over the past 5 years.
Debt Coverage: DCCP.F's debt is well covered by operating cash flow (36.2%).
Interest Coverage: DCCP.F's interest payments on its debt are well covered by EBIT (5.8x coverage).