Direct Line Insurance Group Balance Sheet Health
Financial Health criteria checks 3/6
Direct Line Insurance Group has a total shareholder equity of £2.4B and total debt of £371.5M, which brings its debt-to-equity ratio to 15.5%. Its total assets and total liabilities are £8.7B and £6.3B respectively. Direct Line Insurance Group's EBIT is £109.5M making its interest coverage ratio 7.6. It has cash and short-term investments of £1.5B.
Key information
15.5%
Debt to equity ratio
UK£371.50m
Debt
| Interest coverage ratio | 7.6x |
| Cash | UK£1.48b |
| Equity | UK£2.39b |
| Total liabilities | UK£6.27b |
| Total assets | UK£8.66b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DIIS.F's short term assets (£3.4B) do not cover its short term liabilities (£5.9B).
Long Term Liabilities: DIIS.F's short term assets (£3.4B) exceed its long term liabilities (£382.2M).
Debt to Equity History and Analysis
Debt Level: DIIS.F has more cash than its total debt.
Reducing Debt: DIIS.F's debt to equity ratio has increased from 11% to 15.5% over the past 5 years.
Debt Coverage: DIIS.F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: DIIS.F's interest payments on its debt are well covered by EBIT (7.6x coverage).