Bid Balance Sheet Health
Financial Health criteria checks 6/6
Bid has a total shareholder equity of ZAR44.4B and total debt of ZAR15.8B, which brings its debt-to-equity ratio to 35.5%. Its total assets and total liabilities are ZAR108.8B and ZAR64.4B respectively. Bid's EBIT is ZAR12.3B making its interest coverage ratio 12.8. It has cash and short-term investments of ZAR7.6B.
Key information
35.47%
Debt to equity ratio
R15.75b
Debt
| Interest coverage ratio | 12.8x |
| Cash | R7.55b |
| Equity | R44.41b |
| Total liabilities | R64.42b |
| Total assets | R108.82b |
Recent financial health updates
Bid (JSE:BID) Has A Pretty Healthy Balance Sheet
Mar 29
We Think Bid (JSE:BID) Can Stay On Top Of Its Debt
Oct 05Recent updates
Bid (JSE:BID) Has A Pretty Healthy Balance Sheet
Mar 29Bid (JSE:BID) Is Due To Pay A Dividend Of ZAR5.60
Mar 01
Sustainability Initiatives And AI Adoption Will Improve Operational Efficiency
Bidcorp's expansion through acquisitions and infrastructure investment is expected to enhance market share, operational efficiency, and future revenue growth.If EPS Growth Is Important To You, Bid (JSE:BID) Presents An Opportunity
Feb 07Return Trends At Bid (JSE:BID) Aren't Appealing
Dec 20Bid Corporation Limited's (JSE:BID) Share Price Could Signal Some Risk
Dec 06Bid Corporation Limited's (JSE:BID) CEO Looks Like They Deserve Their Pay Packet
Oct 25We Think Bid (JSE:BID) Can Stay On Top Of Its Debt
Oct 05Do Bid's (JSE:BID) Earnings Warrant Your Attention?
Sep 21Bid (JSE:BID) Is Increasing Its Dividend To ZAR5.65
Sep 06Returns On Capital At Bid (JSE:BID) Have Stalled
Aug 03Earnings Not Telling The Story For Bid Corporation Limited (JSE:BID)
Jul 19Financial Position Analysis
Short Term Liabilities: BID's short term assets (ZAR49.5B) exceed its short term liabilities (ZAR39.6B).
Long Term Liabilities: BID's short term assets (ZAR49.5B) exceed its long term liabilities (ZAR24.8B).
Debt to Equity History and Analysis
Debt Level: BID's net debt to equity ratio (18.5%) is considered satisfactory.
Reducing Debt: BID's debt to equity ratio has reduced from 39.2% to 35.5% over the past 5 years.
Debt Coverage: BID's debt is well covered by operating cash flow (77.4%).
Interest Coverage: BID's interest payments on its debt are well covered by EBIT (12.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/22 03:29 |
| End of Day Share Price | 2025/05/22 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Bid Corporation Limited is covered by 14 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Brent Madel | Absa Bank Limited |
| Brian Pyle | Avior Capital Markets |
| Paul Henri Steegers | BofA Global Research |