Hudaco Industries Balance Sheet Health
Financial Health criteria checks 6/6
Hudaco Industries has a total shareholder equity of ZAR3.4B and total debt of ZAR1.4B, which brings its debt-to-equity ratio to 40.7%. Its total assets and total liabilities are ZAR6.4B and ZAR2.9B respectively. Hudaco Industries's EBIT is ZAR1.0B making its interest coverage ratio 6. It has cash and short-term investments of ZAR174.0M.
Key information
40.7%
Debt to equity ratio
R1.40b
Debt
| Interest coverage ratio | 6x |
| Cash | R174.00m |
| Equity | R3.43b |
| Total liabilities | R2.94b |
| Total assets | R6.37b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: HDC's short term assets (ZAR4.2B) exceed its short term liabilities (ZAR1.4B).
Long Term Liabilities: HDC's short term assets (ZAR4.2B) exceed its long term liabilities (ZAR1.6B).
Debt to Equity History and Analysis
Debt Level: HDC's net debt to equity ratio (35.6%) is considered satisfactory.
Reducing Debt: HDC's debt to equity ratio has reduced from 54.6% to 40.7% over the past 5 years.
Debt Coverage: HDC's debt is well covered by operating cash flow (72.4%).
Interest Coverage: HDC's interest payments on its debt are well covered by EBIT (6x coverage).