Deneb Investments Balance Sheet Health
Financial Health criteria checks 5/6
Deneb Investments has a total shareholder equity of ZAR1.9B and total debt of ZAR892.6M, which brings its debt-to-equity ratio to 48.1%. Its total assets and total liabilities are ZAR3.6B and ZAR1.7B respectively. Deneb Investments's EBIT is ZAR244.3M making its interest coverage ratio 2. It has cash and short-term investments of ZAR167.6M.
Key information
48.1%
Debt to equity ratio
R892.61m
Debt
| Interest coverage ratio | 2x |
| Cash | R167.57m |
| Equity | R1.85b |
| Total liabilities | R1.70b |
| Total assets | R3.56b |
Recent financial health updates
No updates
Recent updates
Deneb Investments Limited's (JSE:DNB) Shares May Have Run Too Fast Too Soon
Aug 20
Deneb Investments (JSE:DNB) Is Due To Pay A Dividend Of ZAR0.10
May 25Subdued Growth No Barrier To Deneb Investments Limited's (JSE:DNB) Price
Dec 28Deneb 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 (ZAR1.4B) exceed its short term liabilities (ZAR649.4M).
Long Term Liabilities: DNB's short term assets (ZAR1.4B) exceed its long term liabilities (ZAR1.1B).
Debt to Equity History and Analysis
Debt Level: DNB's net debt to equity ratio (39.1%) is considered satisfactory.
Reducing Debt: DNB's debt to equity ratio has reduced from 74.6% to 48.1% over the past 5 years.
Debt Coverage: DNB's debt is well covered by operating cash flow (21.8%).
Interest Coverage: DNB's interest payments on its debt are not well covered by EBIT (2x coverage).