Direct Digital Holdings Balance Sheet Health
Financial Health criteria checks 2/6
Direct Digital Holdings has a total shareholder equity of $2.3M and total debt of $30.1M, which brings its debt-to-equity ratio to 1291.1%. Its total assets and total liabilities are $69.0M and $66.7M respectively. Direct Digital Holdings's EBIT is $6.6M making its interest coverage ratio 1.5. It has cash and short-term investments of $5.1M.
Key information
1,291.1%
Debt to equity ratio
US$30.06m
Debt
Interest coverage ratio | 1.5x |
Cash | US$5.12m |
Equity | US$2.33m |
Total liabilities | US$66.68m |
Total assets | US$69.01m |
Recent financial health updates
Recent updates
Investors Appear Satisfied With Direct Digital Holdings, Inc.'s (NASDAQ:DRCT) Prospects As Shares Rocket 77%
Mar 21Direct Digital Holdings (NASDAQ:DRCT) Could Become A Multi-Bagger
Mar 03If EPS Growth Is Important To You, Direct Digital Holdings (NASDAQ:DRCT) Presents An Opportunity
Dec 12Direct Digital Holdings (NASDAQ:DRCT) Knows How To Allocate Capital Effectively
Nov 07Direct Digital Holdings (NASDAQ:DRCT) Could Become A Multi-Bagger
Jul 27Direct Digital Holdings (NASDAQ:DRCT) Is Achieving High Returns On Its Capital
Mar 01Direct Digital Holdings GAAP EPS of $0.18, revenue of $21.3M beats by $6.94M
Aug 11Financial Position Analysis
Short Term Liabilities: DRCT's short term assets ($43.1M) exceed its short term liabilities ($32.4M).
Long Term Liabilities: DRCT's short term assets ($43.1M) exceed its long term liabilities ($34.3M).
Debt to Equity History and Analysis
Debt Level: DRCT's net debt to equity ratio (1071.3%) is considered high.
Reducing Debt: Insufficient data to determine if DRCT's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: DRCT's debt is not well covered by operating cash flow (9.4%).
Interest Coverage: DRCT's interest payments on its debt are not well covered by EBIT (1.5x coverage).