Deneb Investments Balance Sheet Health
Financial Health criteria checks 3/6
Deneb Investments has a total shareholder equity of ZAR1.8B and total debt of ZAR1.2B, which brings its debt-to-equity ratio to 64.9%. Its total assets and total liabilities are ZAR3.8B and ZAR2.0B respectively. Deneb Investments's EBIT is ZAR222.0M making its interest coverage ratio 2. It has cash and short-term investments of ZAR103.8M.
Key information
64.9%
Debt to equity ratio
R1.16b
Debt
| Interest coverage ratio | 2x |
| Cash | R103.84m |
| Equity | R1.78b |
| Total liabilities | R1.97b |
| Total assets | R3.75b |
Recent financial health updates
No updates
Recent updates
Subdued Growth No Barrier To Deneb Investments Limited's (JSE:DNB) Price
Dec 28
Deneb Investments' (JSE:DNB) Shareholders Will Receive A Bigger Dividend Than Last Year
May 28Further Upside For Deneb Investments Limited (JSE:DNB) Shares Could Introduce Price Risks After 26% Bounce
Jun 10Deneb Investments (JSE:DNB) Has Announced That It Will Be Increasing Its Dividend To R0.09
May 30Here's Why Shareholders May Want To Be Cautious With Increasing Deneb Investments Limited's (JSE:DNB) CEO Pay Packet
Oct 06Why Deneb Investments' (JSE:DNB) CEO Pay Matters
Jan 30Deneb Investments'(JSE:DNB) Share Price Is Down 24% Over The Past Five Years.
Dec 25How Many Deneb Investments Limited (JSE:DNB) Shares Did Insiders Buy, In The Last Year?
Nov 20Financial Position Analysis
Short Term Liabilities: DNB's short term assets (ZAR1.6B) exceed its short term liabilities (ZAR884.6M).
Long Term Liabilities: DNB's short term assets (ZAR1.6B) exceed its long term liabilities (ZAR1.1B).
Debt to Equity History and Analysis
Debt Level: DNB's net debt to equity ratio (59%) is considered high.
Reducing Debt: DNB's debt to equity ratio has reduced from 73.4% to 64.9% over the past 5 years.
Debt Coverage: DNB's debt is not well covered by operating cash flow (12.3%).
Interest Coverage: DNB's interest payments on its debt are not well covered by EBIT (2x coverage).