Mr Price Group Balance Sheet Health
Financial Health criteria checks 6/6
Mr Price Group has a total shareholder equity of ZAR13.2B and total debt of ZAR3.0M, which brings its debt-to-equity ratio to 0.02%. Its total assets and total liabilities are ZAR31.1B and ZAR17.9B respectively. Mr Price Group's EBIT is ZAR5.2B making its interest coverage ratio 8.3. It has cash and short-term investments of ZAR2.2B.
Key information
0.02%
Debt to equity ratio
R3.00m
Debt
| Interest coverage ratio | 8.3x |
| Cash | R2.16b |
| Equity | R13.22b |
| Total liabilities | R17.92b |
| Total assets | R31.14b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MRPL.Y's short term assets (ZAR14.4B) exceed its short term liabilities (ZAR10.3B).
Long Term Liabilities: MRPL.Y's short term assets (ZAR14.4B) exceed its long term liabilities (ZAR7.7B).
Debt to Equity History and Analysis
Debt Level: MRPL.Y has more cash than its total debt.
Reducing Debt: MRPL.Y's debt to equity ratio has reduced from 1.7% to 0.02% over the past 5 years.
Debt Coverage: MRPL.Y's debt is well covered by operating cash flow (254066.7%).
Interest Coverage: MRPL.Y's interest payments on its debt are well covered by EBIT (8.3x coverage).