SPAR Group Balance Sheet Health
Financial Health criteria checks 2/6
SPAR Group has a total shareholder equity of ZAR10.7B and total debt of ZAR13.6B, which brings its debt-to-equity ratio to 126.7%. Its total assets and total liabilities are ZAR60.4B and ZAR49.7B respectively. SPAR Group's EBIT is ZAR3.0B making its interest coverage ratio 5.9. It has cash and short-term investments of ZAR1.1B.
Key information
126.7%
Debt to equity ratio
R13.59b
Debt
| Interest coverage ratio | 5.9x |
| Cash | R1.08b |
| Equity | R10.73b |
| Total liabilities | R49.71b |
| Total assets | R60.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SGPP.F's short term assets (ZAR27.6B) do not cover its short term liabilities (ZAR28.6B).
Long Term Liabilities: SGPP.F's short term assets (ZAR27.6B) exceed its long term liabilities (ZAR21.1B).
Debt to Equity History and Analysis
Debt Level: SGPP.F's net debt to equity ratio (116.6%) is considered high.
Reducing Debt: SGPP.F's debt to equity ratio has increased from 91.6% to 126.7% over the past 5 years.
Debt Coverage: SGPP.F's debt is not well covered by operating cash flow (19.3%).
Interest Coverage: SGPP.F's interest payments on its debt are well covered by EBIT (5.9x coverage).