Britam Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Britam Holdings has a total shareholder equity of KES25.7B and total debt of KES2.6B, which brings its debt-to-equity ratio to 10%. Its total assets and total liabilities are KES174.4B and KES148.7B respectively. Britam Holdings's EBIT is KES4.1B making its interest coverage ratio 16.7. It has cash and short-term investments of KES69.6B.
Key information
10.0%
Debt to equity ratio
KSh2.58b
Debt
| Interest coverage ratio | 16.7x |
| Cash | KSh69.60b |
| Equity | KSh25.69b |
| Total liabilities | KSh148.71b |
| Total assets | KSh174.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BRIT's short term assets (KES81.2B) exceed its short term liabilities (KES5.6B).
Long Term Liabilities: BRIT's short term assets (KES81.2B) do not cover its long term liabilities (KES143.1B).
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 11.6% to 10% over the past 5 years.
Debt Coverage: BRIT's debt is well covered by operating cash flow (324.2%).
Interest Coverage: BRIT's interest payments on its debt are well covered by EBIT (16.7x coverage).