Dialight Balance Sheet Health
Financial Health criteria checks 5/6
Dialight has a total shareholder equity of £65.4M and total debt of £21.9M, which brings its debt-to-equity ratio to 33.5%. Its total assets and total liabilities are £125.7M and £60.3M respectively. Dialight's EBIT is £100.0K making its interest coverage ratio 0. It has cash and short-term investments of £9.6M.
Key information
33.5%
Debt to equity ratio
UK£21.90m
Debt
Interest coverage ratio | 0.04x |
Cash | UK£9.60m |
Equity | UK£65.40m |
Total liabilities | UK£60.30m |
Total assets | UK£125.70m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DIAL.F's short term assets (£79.7M) exceed its short term liabilities (£29.9M).
Long Term Liabilities: DIAL.F's short term assets (£79.7M) exceed its long term liabilities (£30.4M).
Debt to Equity History and Analysis
Debt Level: DIAL.F's net debt to equity ratio (18.8%) is considered satisfactory.
Reducing Debt: DIAL.F's debt to equity ratio has increased from 6% to 33.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable DIAL.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: DIAL.F is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 23.8% per year.