Netcare Balance Sheet Health
Financial Health criteria checks 3/6
Netcare has a total shareholder equity of ZAR11.0B and total debt of ZAR7.3B, which brings its debt-to-equity ratio to 66.2%. Its total assets and total liabilities are ZAR27.8B and ZAR16.8B respectively. Netcare's EBIT is ZAR2.8B making its interest coverage ratio 3.2. It has cash and short-term investments of ZAR2.3B.
Key information
66.2%
Debt to equity ratio
R7.31b
Debt
Interest coverage ratio | 3.2x |
Cash | R2.29b |
Equity | R11.04b |
Total liabilities | R16.76b |
Total assets | R27.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NWKH.Y's short term assets (ZAR6.4B) exceed its short term liabilities (ZAR5.6B).
Long Term Liabilities: NWKH.Y's short term assets (ZAR6.4B) do not cover its long term liabilities (ZAR11.2B).
Debt to Equity History and Analysis
Debt Level: NWKH.Y's net debt to equity ratio (45.4%) is considered high.
Reducing Debt: NWKH.Y's debt to equity ratio has increased from 59% to 66.2% over the past 5 years.
Debt Coverage: NWKH.Y's debt is well covered by operating cash flow (36.8%).
Interest Coverage: NWKH.Y's interest payments on its debt are well covered by EBIT (3.2x coverage).