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.Y's short term assets (£3.4B) do not cover its short term liabilities (£5.9B).
Long Term Liabilities: DIIS.Y's short term assets (£3.4B) exceed its long term liabilities (£382.2M).
Debt to Equity History and Analysis
Debt Level: DIIS.Y has more cash than its total debt.
Reducing Debt: DIIS.Y's debt to equity ratio has increased from 11% to 15.5% over the past 5 years.
Debt Coverage: DIIS.Y's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: DIIS.Y's interest payments on its debt are well covered by EBIT (7.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 20:53 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Direct Line Insurance Group plc is covered by 33 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ivan Bokhmat | Barclays |
| Thomas Bateman | Berenberg |
| Michael Huttner | Berenberg |