Bid Balance Sheet Health
Financial Health criteria checks 6/6
Bid has a total shareholder equity of ZAR41.2B and total debt of ZAR14.3B, which brings its debt-to-equity ratio to 34.6%. Its total assets and total liabilities are ZAR103.0B and ZAR61.8B respectively. Bid's EBIT is ZAR11.3B making its interest coverage ratio 11.6. It has cash and short-term investments of ZAR8.1B.
Key information
34.6%
Debt to equity ratio
R14.27b
Debt
| Interest coverage ratio | 11.6x |
| Cash | R8.09b |
| Equity | R41.20b |
| Total liabilities | R61.76b |
| Total assets | R102.95b |
Recent financial health updates
Bid (JSE:BID) Seems To Use Debt Quite Sensibly
Mar 04
Is Bid (JSE:BID) Using Too Much Debt?
Sep 19Bid (JSE:BID) Has A Pretty Healthy Balance Sheet
Jun 13These 4 Measures Indicate That Bid (JSE:BID) Is Using Debt Reasonably Well
Mar 11Is Bid (JSE:BID) Using Too Much Debt?
Sep 06Recent updates
Bid (JSE:BID) Has More To Do To Multiply In Value Going Forward
Apr 22Bid Corporation Limited's (JSE:BID) Shareholders Might Be Looking For Exit
Apr 08Bid (JSE:BID) Seems To Use Debt Quite Sensibly
Mar 04We Ran A Stock Scan For Earnings Growth And Bid (JSE:BID) Passed With Ease
Feb 05Bid (JSE:BID) Hasn't Managed To Accelerate Its Returns
Jan 21Bid Corporation Limited's (JSE:BID) Shares May Have Run Too Fast Too Soon
Jan 05We Think Bid Corporation Limited's (JSE:BID) CEO Compensation Looks Fair
Nov 10Returns On Capital At Bid (JSE:BID) Have Hit The Brakes
Oct 20Does Bid (JSE:BID) Deserve A Spot On Your Watchlist?
Oct 05Is Bid (JSE:BID) Using Too Much Debt?
Sep 19Returns On Capital At Bid (JSE:BID) Have Hit The Brakes
Jul 16Bid (JSE:BID) Has A Pretty Healthy Balance Sheet
Jun 13Do Bid's (JSE:BID) Earnings Warrant Your Attention?
May 29Here's What To Make Of Bid's (JSE:BID) Decelerating Rates Of Return
Apr 10These 4 Measures Indicate That Bid (JSE:BID) Is Using Debt Reasonably Well
Mar 11Is Now The Time To Put Bid (JSE:BID) On Your Watchlist?
Feb 23Returns On Capital At Bid (JSE:BID) Have Hit The Brakes
Dec 14It's Probably Less Likely That Bid Corporation Limited's (JSE:BID) CEO Will See A Huge Pay Rise This Year
Nov 11The Price Is Right For Bid Corporation Limited (JSE:BID)
Oct 21Is Bid (JSE:BID) Using Too Much Debt?
Sep 06Are Bid Corporation Limited (JSE:BID) Investors Paying Above The Intrinsic Value?
Aug 24Be Wary Of Bid (JSE:BID) And Its Returns On Capital
Jul 11Financial Position Analysis
Short Term Liabilities: BID's short term assets (ZAR48.7B) exceed its short term liabilities (ZAR37.7B).
Long Term Liabilities: BID's short term assets (ZAR48.7B) exceed its long term liabilities (ZAR24.1B).
Debt to Equity History and Analysis
Debt Level: BID's net debt to equity ratio (15%) is considered satisfactory.
Reducing Debt: BID's debt to equity ratio has reduced from 36.6% to 34.6% over the past 5 years.
Debt Coverage: BID's debt is well covered by operating cash flow (71.5%).
Interest Coverage: BID's interest payments on its debt are well covered by EBIT (11.6x coverage).