Pick n Pay Stores Balance Sheet Health

Financial Health criteria checks 1/6

Pick n Pay Stores has a total shareholder equity of ZAR2.9B and total debt of ZAR7.2B, which brings its debt-to-equity ratio to 251.6%. Its total assets and total liabilities are ZAR46.0B and ZAR43.1B respectively. Pick n Pay Stores's EBIT is ZAR1.0B making its interest coverage ratio 0.4. It has cash and short-term investments of ZAR5.0B.

Key information

251.6%

Debt to equity ratio

R7.25b

Debt

Interest coverage ratio0.4x
CashR4.95b
EquityR2.88b
Total liabilitiesR43.13b
Total assetsR46.01b

Recent financial health updates

Recent updates

Pick n Pay Stores Limited (JSE:PIK) Soars 25% But It's A Story Of Risk Vs Reward

Oct 08
Pick n Pay Stores Limited (JSE:PIK) Soars 25% But It's A Story Of Risk Vs Reward

Be Wary Of Pick n Pay Stores (JSE:PIK) And Its Returns On Capital

Sep 24
Be Wary Of Pick n Pay Stores (JSE:PIK) And Its Returns On Capital

Pick n Pay Stores (JSE:PIK) Takes On Some Risk With Its Use Of Debt

Aug 03
Pick n Pay Stores (JSE:PIK) Takes On Some Risk With Its Use Of Debt

Pick n Pay Stores' (JSE:PIK) Returns On Capital Not Reflecting Well On The Business

Mar 25
Pick n Pay Stores' (JSE:PIK) Returns On Capital Not Reflecting Well On The Business

Pick n Pay Stores Limited (JSE:PIK) Is Yielding 4.0% - But Is It A Buy?

Feb 23
Pick n Pay Stores Limited (JSE:PIK) Is Yielding 4.0% - But Is It A Buy?

Here's Why Pick n Pay Stores' (JSE:PIK) Statutory Earnings Are Arguably Too Conservative

Feb 09
Here's Why Pick n Pay Stores' (JSE:PIK) Statutory Earnings Are Arguably Too Conservative

How Much Of Pick n Pay Stores Limited (JSE:PIK) Do Institutions Own?

Jan 28
How Much Of Pick n Pay Stores Limited (JSE:PIK) Do Institutions Own?

Pick n Pay Stores Limited (JSE:PIK) Insiders Increased Their Holdings

Jan 04
Pick n Pay Stores Limited (JSE:PIK) Insiders Increased Their Holdings

Here's What To Make Of Pick n Pay Stores' (JSE:PIK) Returns On Capital

Dec 21
Here's What To Make Of Pick n Pay Stores' (JSE:PIK) Returns On Capital

Financial Position Analysis

Short Term Liabilities: PIK's short term assets (ZAR20.1B) do not cover its short term liabilities (ZAR22.5B).

Long Term Liabilities: PIK's short term assets (ZAR20.1B) do not cover its long term liabilities (ZAR20.6B).


Debt to Equity History and Analysis

Debt Level: PIK's net debt to equity ratio (79.7%) is considered high.

Reducing Debt: PIK's debt to equity ratio has increased from 116.3% to 251.6% over the past 5 years.

Debt Coverage: PIK's debt is well covered by operating cash flow (22.2%).

Interest Coverage: PIK's interest payments on its debt are not well covered by EBIT (0.4x coverage).


Balance Sheet


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