Diversified Royalty Balance Sheet Health
Financial Health criteria checks 1/6
Diversified Royalty has a total shareholder equity of CA$290.5M and total debt of CA$253.4M, which brings its debt-to-equity ratio to 87.2%. Its total assets and total liabilities are CA$569.7M and CA$279.3M respectively. Diversified Royalty's EBIT is CA$53.3M making its interest coverage ratio 3.3. It has cash and short-term investments of CA$7.2M.
Key information
87.2%
Debt to equity ratio
CA$253.35m
Debt
Interest coverage ratio | 3.3x |
Cash | CA$7.17m |
Equity | CA$290.45m |
Total liabilities | CA$279.26m |
Total assets | CA$569.71m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BEVF.F's short term assets (CA$13.5M) do not cover its short term liabilities (CA$16.6M).
Long Term Liabilities: BEVF.F's short term assets (CA$13.5M) do not cover its long term liabilities (CA$262.7M).
Debt to Equity History and Analysis
Debt Level: BEVF.F's net debt to equity ratio (84.8%) is considered high.
Reducing Debt: BEVF.F's debt to equity ratio has increased from 61.9% to 87.2% over the past 5 years.
Debt Coverage: BEVF.F's debt is not well covered by operating cash flow (13.7%).
Interest Coverage: BEVF.F's interest payments on its debt are well covered by EBIT (3.3x coverage).