Bidvest Group Balance Sheet Health
Financial Health criteria checks 4/6
Bidvest Group has a total shareholder equity of ZAR38.5B and total debt of ZAR31.8B, which brings its debt-to-equity ratio to 82.5%. Its total assets and total liabilities are ZAR112.6B and ZAR74.0B respectively. Bidvest Group's EBIT is ZAR11.6B making its interest coverage ratio 4.6. It has cash and short-term investments of ZAR7.0B.
Key information
82.5%
Debt to equity ratio
R31.81b
Debt
| Interest coverage ratio | 4.6x |
| Cash | R6.97b |
| Equity | R38.53b |
| Total liabilities | R74.05b |
| Total assets | R112.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NQL's short term assets (ZAR44.8B) exceed its short term liabilities (ZAR39.3B).
Long Term Liabilities: NQL's short term assets (ZAR44.8B) exceed its long term liabilities (ZAR34.8B).
Debt to Equity History and Analysis
Debt Level: NQL's net debt to equity ratio (64.5%) is considered high.
Reducing Debt: NQL's debt to equity ratio has increased from 55.7% to 82.5% over the past 5 years.
Debt Coverage: NQL's debt is well covered by operating cash flow (29.1%).
Interest Coverage: NQL's interest payments on its debt are well covered by EBIT (4.6x coverage).