Bell Equipment Balance Sheet Health
Financial Health criteria checks 6/6
Bell Equipment has a total shareholder equity of ZAR5.5B and total debt of ZAR1.6B, which brings its debt-to-equity ratio to 29.4%. Its total assets and total liabilities are ZAR10.4B and ZAR4.9B respectively. Bell Equipment's EBIT is ZAR1.2B making its interest coverage ratio 10.6. It has cash and short-term investments of ZAR245.0M.
Key information
29.4%
Debt to equity ratio
R1.62b
Debt
| Interest coverage ratio | 10.6x |
| Cash | R244.97m |
| Equity | R5.52b |
| Total liabilities | R4.87b |
| Total assets | R10.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: B2K's short term assets (ZAR8.4B) exceed its short term liabilities (ZAR3.9B).
Long Term Liabilities: B2K's short term assets (ZAR8.4B) exceed its long term liabilities (ZAR1.0B).
Debt to Equity History and Analysis
Debt Level: B2K's net debt to equity ratio (24.9%) is considered satisfactory.
Reducing Debt: B2K's debt to equity ratio has reduced from 42.8% to 29.4% over the past 5 years.
Debt Coverage: B2K's debt is well covered by operating cash flow (65.6%).
Interest Coverage: B2K's interest payments on its debt are well covered by EBIT (10.6x coverage).