Hudaco Industries Balance Sheet Health
Financial Health criteria checks 6/6
Hudaco Industries has a total shareholder equity of ZAR3.5B and total debt of ZAR1.4B, which brings its debt-to-equity ratio to 40%. Its total assets and total liabilities are ZAR6.7B and ZAR3.2B respectively. Hudaco Industries's EBIT is ZAR1.1B making its interest coverage ratio 7.1. It has cash and short-term investments of ZAR245.0M.
Key information
40.0%
Debt to equity ratio
R1.39b
Debt
| Interest coverage ratio | 7.1x |
| Cash | R244.99m |
| Equity | R3.48b |
| Total liabilities | R3.18b |
| Total assets | R6.66b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: HDC's short term assets (ZAR4.4B) exceed its short term liabilities (ZAR1.6B).
Long Term Liabilities: HDC's short term assets (ZAR4.4B) exceed its long term liabilities (ZAR1.6B).
Debt to Equity History and Analysis
Debt Level: HDC's net debt to equity ratio (33%) is considered satisfactory.
Reducing Debt: HDC's debt to equity ratio has reduced from 55.8% to 40% over the past 5 years.
Debt Coverage: HDC's debt is well covered by operating cash flow (46.1%).
Interest Coverage: HDC's interest payments on its debt are well covered by EBIT (7.1x coverage).