Bidvest Group Balance Sheet Health
Financial Health criteria checks 4/6
Bidvest Group has a total shareholder equity of ZAR37.4B and total debt of ZAR33.0B, which brings its debt-to-equity ratio to 88.4%. Its total assets and total liabilities are ZAR111.2B and ZAR73.8B respectively. Bidvest Group's EBIT is ZAR11.3B making its interest coverage ratio 4.8. It has cash and short-term investments of ZAR7.2B.
Key information
88.4%
Debt to equity ratio
R33.03b
Debt
Interest coverage ratio | 4.8x |
Cash | R7.17b |
Equity | R37.35b |
Total liabilities | R73.80b |
Total assets | R111.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NQL1's short term assets (ZAR42.8B) exceed its short term liabilities (ZAR39.2B).
Long Term Liabilities: NQL1's short term assets (ZAR42.8B) exceed its long term liabilities (ZAR34.6B).
Debt to Equity History and Analysis
Debt Level: NQL1's net debt to equity ratio (69.2%) is considered high.
Reducing Debt: NQL1's debt to equity ratio has increased from 54% to 88.4% over the past 5 years.
Debt Coverage: NQL1's debt is well covered by operating cash flow (28.4%).
Interest Coverage: NQL1's interest payments on its debt are well covered by EBIT (4.8x coverage).