Netcare Balance Sheet Health
Financial Health criteria checks 4/6
Netcare has a total shareholder equity of ZAR11.1B and total debt of ZAR7.4B, which brings its debt-to-equity ratio to 66.8%. Its total assets and total liabilities are ZAR28.0B and ZAR16.8B respectively. Netcare's EBIT is ZAR2.9B making its interest coverage ratio 3.1. It has cash and short-term investments of ZAR1.6B.
Key information
66.8%
Debt to equity ratio
R7.44b
Debt
| Interest coverage ratio | 3.1x |
| Cash | R1.62b |
| Equity | R11.14b |
| Total liabilities | R16.84b |
| Total assets | R27.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NWKH.Y's short term assets (ZAR6.6B) exceed its short term liabilities (ZAR5.5B).
Long Term Liabilities: NWKH.Y's short term assets (ZAR6.6B) do not cover its long term liabilities (ZAR11.4B).
Debt to Equity History and Analysis
Debt Level: NWKH.Y's net debt to equity ratio (52.3%) is considered high.
Reducing Debt: NWKH.Y's debt to equity ratio has reduced from 77.9% to 66.8% over the past 5 years.
Debt Coverage: NWKH.Y's debt is well covered by operating cash flow (28.5%).
Interest Coverage: NWKH.Y's interest payments on its debt are well covered by EBIT (3.1x coverage).