Diageo Balance Sheet Health
Financial Health criteria checks 2/6
Diageo has a total shareholder equity of $12.1B and total debt of $21.9B, which brings its debt-to-equity ratio to 181.3%. Its total assets and total liabilities are $45.5B and $33.4B respectively. Diageo's EBIT is $6.0B making its interest coverage ratio 6.5. It has cash and short-term investments of $1.4B.
Key information
181.3%
Debt to equity ratio
US$21.88b
Debt
| Interest coverage ratio | 6.5x |
| Cash | US$1.41b |
| Equity | US$12.07b |
| Total liabilities | US$33.40b |
| Total assets | US$45.47b |
Recent financial health updates
Recent updates
Diageo: No Path For Market-Beating Returns
Nov 19Diageo: Ongoing Challenges, But It Is Still Cheap
Nov 08Diageo: Compelling Catalysts Yet Shares Are Undervalued
Oct 16Diageo: Glass Half Empty
Oct 04Diageo Offers A Decade-High Yield, Yet Growth Lags
Sep 23Diageo: Fundamentally Conservative, With A Well-Covered Dividend
Sep 02Diageo: Current Macro-Environment Creates Headwinds; Long-Term Prospects Remain Bright
Aug 23Diageo's Glass Is Still Half Empty
Jul 31Diageo Still Fits In A Diversified Portfolio
Jul 20Are Diageo Shares A Buy After Their 35% Price Decline?
Jun 15Diageo: AI Won't Change How We Drink
May 15Diageo: A Dividend Gem Amid 2024 Challenges
May 08Diageo: The Business Is Too Resilient To Justify The Sell-Off
Mar 28Diageo: Not As Bad As It's Made Out To Be
Mar 16Diageo: Investors Shouldn't Choose Stability Over Upside
Feb 22Diageo: A Stalwart, Finally "On Sale"
Jan 27Diageo: Cyclical Headwinds Provide A Nice Entry Point
Jan 18Diageo: Why I Expect A Rebound For This SWAN Stock
Jan 08Diageo: LatAm Recovery And Destocking Activities Make This A Strong Buy
Dec 15Diageo: Getting Cheap But Not Yet Cheap Enough
Dec 05Diageo Stock: Finally A Buy Now After The Sharp Drop
Nov 14Diageo Targets Robust Market Share And Market Growth In Spirits
Nov 05Diageo's Valuation Has Improved, But Spirits Volumes And Market Share Are Shakier Now
Oct 24Diageo: Taking Advantage Of The Short-Term Narratives
Sep 13Diageo: Celebrities Are Changing The Industry (Post-Earnings Rating Downgrade)
Aug 11Diageo Stock: Good Business But Outside The Buy Zone
Jul 25Diageo: Liquid Product, Solid Margins
Jul 12Diageo: Fairly Valued
Jun 24Diageo: A Leader In The Premium Alcoholic Beverage Market
Feb 10Financial Position Analysis
Short Term Liabilities: DEO's short term assets ($15.1B) exceed its short term liabilities ($9.9B).
Long Term Liabilities: DEO's short term assets ($15.1B) do not cover its long term liabilities ($23.5B).
Debt to Equity History and Analysis
Debt Level: DEO's net debt to equity ratio (169.6%) is considered high.
Reducing Debt: DEO's debt to equity ratio has increased from 123.7% to 181.3% over the past 5 years.
Debt Coverage: DEO's debt is not well covered by operating cash flow (18.8%).
Interest Coverage: DEO's interest payments on its debt are well covered by EBIT (6.5x coverage).