Tiger Brands Balance Sheet Health
Financial Health criteria checks 5/6
Tiger Brands has a total shareholder equity of ZAR17.3B and total debt of ZAR1.7B, which brings its debt-to-equity ratio to 9.8%. Its total assets and total liabilities are ZAR25.8B and ZAR8.5B respectively. Tiger Brands's EBIT is ZAR3.0B making its interest coverage ratio 17.2. It has cash and short-term investments of ZAR775.9M.
Key information
9.8%
Debt to equity ratio
R1.70b
Debt
| Interest coverage ratio | 17.2x |
| Cash | R775.90m |
| Equity | R17.30b |
| Total liabilities | R8.53b |
| Total assets | R25.84b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TBLM.F's short term assets (ZAR12.9B) exceed its short term liabilities (ZAR6.8B).
Long Term Liabilities: TBLM.F's short term assets (ZAR12.9B) exceed its long term liabilities (ZAR1.8B).
Debt to Equity History and Analysis
Debt Level: TBLM.F's net debt to equity ratio (5.3%) is considered satisfactory.
Reducing Debt: TBLM.F's debt to equity ratio has increased from 5.7% to 9.8% over the past 5 years.
Debt Coverage: TBLM.F's debt is well covered by operating cash flow (113.8%).
Interest Coverage: TBLM.F's interest payments on its debt are well covered by EBIT (17.2x coverage).