DCC Balance Sheet Health
Financial Health criteria checks 6/6
DCC has a total shareholder equity of £3.1B and total debt of £2.4B, which brings its debt-to-equity ratio to 76.6%. Its total assets and total liabilities are £9.8B and £6.7B respectively. DCC's EBIT is £509.2M making its interest coverage ratio 11.3. It has cash and short-term investments of £1.3B.
Key information
76.6%
Debt to equity ratio
UK£2.36b
Debt
Interest coverage ratio | 11.3x |
Cash | UK£1.26b |
Equity | UK£3.08b |
Total liabilities | UK£6.73b |
Total assets | UK£9.81b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DCCP.Y's short term assets (£5.1B) exceed its short term liabilities (£3.9B).
Long Term Liabilities: DCCP.Y's short term assets (£5.1B) exceed its long term liabilities (£2.8B).
Debt to Equity History and Analysis
Debt Level: DCCP.Y's net debt to equity ratio (35.8%) is considered satisfactory.
Reducing Debt: DCCP.Y's debt to equity ratio has reduced from 115.2% to 76.6% over the past 5 years.
Debt Coverage: DCCP.Y's debt is well covered by operating cash flow (22.1%).
Interest Coverage: DCCP.Y's interest payments on its debt are well covered by EBIT (11.3x coverage).