Davis Commodities Balance Sheet Health
Financial Health criteria checks 4/6
Davis Commodities has a total shareholder equity of $6.0M and total debt of $685.0K, which brings its debt-to-equity ratio to 11.4%. Its total assets and total liabilities are $17.9M and $11.9M respectively. Davis Commodities's EBIT is $5.3M making its interest coverage ratio 160.1. It has cash and short-term investments of $2.6M.
Key information
11.4%
Debt to equity ratio
US$685.00k
Debt
| Interest coverage ratio | 160.1x |
| Cash | US$2.55m |
| Equity | US$6.01m |
| Total liabilities | US$11.89m |
| Total assets | US$17.90m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DTCK's short term assets ($17.5M) exceed its short term liabilities ($11.4M).
Long Term Liabilities: DTCK's short term assets ($17.5M) exceed its long term liabilities ($529.0K).
Debt to Equity History and Analysis
Debt Level: DTCK has more cash than its total debt.
Reducing Debt: Insufficient data to determine if DTCK's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: DTCK's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: DTCK's interest payments on its debt are well covered by EBIT (160.1x coverage).