Davis Commodities Balance Sheet Health
Financial Health criteria checks 4/6
Davis Commodities has a total shareholder equity of $11.6M and total debt of $1.5M, which brings its debt-to-equity ratio to 13.1%. Its total assets and total liabilities are $28.7M and $17.1M respectively. Davis Commodities's EBIT is $84.0K making its interest coverage ratio 0.5. It has cash and short-term investments of $1.4M.
Key information
13.1%
Debt to equity ratio
US$1.52m
Debt
| Interest coverage ratio | 0.5x |
| Cash | US$1.37m |
| Equity | US$11.59m |
| Total liabilities | US$17.12m |
| Total assets | US$28.71m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: DTCK's short term assets ($22.0M) exceed its short term liabilities ($16.8M).
Long Term Liabilities: DTCK's short term assets ($22.0M) exceed its long term liabilities ($319.0K).
Debt to Equity History and Analysis
Debt Level: DTCK's net debt to equity ratio (1.3%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if DTCK's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: DTCK's debt is well covered by operating cash flow (130.4%).
Interest Coverage: DTCK's interest payments on its debt are not well covered by EBIT (0.5x coverage).