Bid Balance Sheet Health
Financial Health criteria checks 6/6
Bid has a total shareholder equity of ZAR41.2B and total debt of ZAR14.3B, which brings its debt-to-equity ratio to 34.6%. Its total assets and total liabilities are ZAR103.0B and ZAR61.8B respectively. Bid's EBIT is ZAR11.3B making its interest coverage ratio 11.6. It has cash and short-term investments of ZAR8.1B.
Key information
34.6%
Debt to equity ratio
R14.27b
Debt
Interest coverage ratio | 11.6x |
Cash | R8.09b |
Equity | R41.20b |
Total liabilities | R61.76b |
Total assets | R102.95b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BPPP.F's short term assets (ZAR48.7B) exceed its short term liabilities (ZAR37.7B).
Long Term Liabilities: BPPP.F's short term assets (ZAR48.7B) exceed its long term liabilities (ZAR24.1B).
Debt to Equity History and Analysis
Debt Level: BPPP.F's net debt to equity ratio (15%) is considered satisfactory.
Reducing Debt: BPPP.F's debt to equity ratio has reduced from 36.6% to 34.6% over the past 5 years.
Debt Coverage: BPPP.F's debt is well covered by operating cash flow (71.5%).
Interest Coverage: BPPP.F's interest payments on its debt are well covered by EBIT (11.6x coverage).