Discovery Balance Sheet Health
Financial Health criteria checks 6/6
Discovery has a total shareholder equity of ZAR73.4B and total debt of ZAR16.0B, which brings its debt-to-equity ratio to 21.7%. Its total assets and total liabilities are ZAR362.4B and ZAR289.0B respectively. Discovery's EBIT is ZAR17.6B making its interest coverage ratio 5.5. It has cash and short-term investments of ZAR237.6B.
Key information
21.75%
Debt to equity ratio
R15.97b
Debt
| Interest coverage ratio | 5.5x |
| Cash | R237.64b |
| Equity | R73.44b |
| Total liabilities | R288.99b |
| Total assets | R362.42b |
Recent financial health updates
Recent updates
Aging Populations And AI Investment Will Shape Health Insurance Margins Over Time
Catalysts About Discovery Discovery operates insurance, health, banking and wellness businesses, primarily in South Africa and through its Vitality platform globally. What are the underlying business or industry changes driving this perspective?Do Discovery's (JSE:DSY) Earnings Warrant Your Attention?
Jan 26
Discovery Limited (JSE:DSY) Investors Are Less Pessimistic Than Expected
Dec 21This Is The Reason Why We Think Discovery Limited's (JSE:DSY) CEO Might Be Underpaid
Nov 14Should You Be Adding Discovery (JSE:DSY) To Your Watchlist Today?
Oct 02Getting In Cheap On Discovery Limited (JSE:DSY) Is Unlikely
Aug 09If EPS Growth Is Important To You, Discovery (JSE:DSY) Presents An Opportunity
Jun 19Discovery Limited's (JSE:DSY) P/E Still Appears To Be Reasonable
Apr 30
Vitality Limited's Restructuring And Data Focus Will Drive Future Profitability
Restructuring into focused businesses and reduced spending enhances operational efficiency, driving potential profitability and earnings growth.Financial Position Analysis
Short Term Liabilities: DSY's short term assets (ZAR249.9B) exceed its short term liabilities (ZAR47.5B).
Long Term Liabilities: DSY's short term assets (ZAR249.9B) exceed its long term liabilities (ZAR241.5B).
Debt to Equity History and Analysis
Debt Level: DSY has more cash than its total debt.
Reducing Debt: DSY's debt to equity ratio has reduced from 35.8% to 21.7% over the past 5 years.
Debt Coverage: DSY's debt is well covered by operating cash flow (44.4%).
Interest Coverage: DSY's interest payments on its debt are well covered by EBIT (5.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/03/13 22:30 |
| End of Day Share Price | 2026/03/13 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/06/30 |
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
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 Github.
Analyst Sources
Discovery Limited is covered by 16 analysts. 6 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 |
|---|---|
| Adrienne Damant | Avior Capital Markets |
| Robert Rice | Barclays |
| Linda Sun-Mattison | Bernstein |