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 ratio | 0.4x |
| Cash | R4.95b |
| Equity | R2.88b |
| Total liabilities | R43.13b |
| Total assets | R46.01b |
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
Be Wary Of Pick n Pay Stores (JSE:PIK) And Its Returns On Capital
Sep 24Pick n Pay Stores (JSE:PIK) Takes On Some Risk With Its Use Of Debt
Aug 03Pick n Pay Stores' (JSE:PIK) Returns On Capital Not Reflecting Well On The Business
Mar 25Pick n Pay Stores Limited (JSE:PIK) Is Yielding 4.0% - But Is It A Buy?
Feb 23Here's Why Pick n Pay Stores' (JSE:PIK) Statutory Earnings Are Arguably Too Conservative
Feb 09How Much Of Pick n Pay Stores Limited (JSE:PIK) Do Institutions Own?
Jan 28Pick n Pay Stores Limited (JSE:PIK) Insiders Increased Their Holdings
Jan 04
Here's What To Make Of Pick n Pay Stores' (JSE:PIK) Returns On Capital
Dec 21Financial 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).