Britam Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Britam Holdings has a total shareholder equity of KES20.8B and total debt of KES2.5B, which brings its debt-to-equity ratio to 12.2%. Its total assets and total liabilities are KES158.4B and KES137.6B respectively. Britam Holdings's EBIT is KES2.5B making its interest coverage ratio 9.3. It has cash and short-term investments of KES93.3B.
Key information
12.2%
Debt to equity ratio
KSh2.54b
Debt
Interest coverage ratio | 9.3x |
Cash | KSh93.26b |
Equity | KSh20.84b |
Total liabilities | KSh137.58b |
Total assets | KSh158.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BRIT's short term assets (KES98.5B) exceed its short term liabilities (KES26.1B).
Long Term Liabilities: BRIT's short term assets (KES98.5B) do not cover its long term liabilities (KES111.5B).
Debt to Equity History and Analysis
Debt Level: BRIT has more cash than its total debt.
Reducing Debt: BRIT's debt to equity ratio has reduced from 35.1% to 12.2% over the past 5 years.
Debt Coverage: BRIT's debt is well covered by operating cash flow (110.3%).
Interest Coverage: BRIT's interest payments on its debt are well covered by EBIT (9.3x coverage).