SPAR Group Balance Sheet Health
Financial Health criteria checks 2/6
SPAR Group has a total shareholder equity of ZAR10.2B and total debt of ZAR12.2B, which brings its debt-to-equity ratio to 119.2%. Its total assets and total liabilities are ZAR61.7B and ZAR51.5B respectively. SPAR Group's EBIT is ZAR2.4B making its interest coverage ratio 2.6. It has cash and short-term investments of ZAR1.5B.
Key information
119.2%
Debt to equity ratio
R12.21b
Debt
| Interest coverage ratio | 2.6x |
| Cash | R1.51b |
| Equity | R10.24b |
| Total liabilities | R51.48b |
| Total assets | R61.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SPP's short term assets (ZAR29.2B) do not cover its short term liabilities (ZAR32.4B).
Long Term Liabilities: SPP's short term assets (ZAR29.2B) exceed its long term liabilities (ZAR19.1B).
Debt to Equity History and Analysis
Debt Level: SPP's net debt to equity ratio (104.5%) is considered high.
Reducing Debt: SPP's debt to equity ratio has increased from 83.6% to 119.2% over the past 5 years.
Debt Coverage: SPP's debt is well covered by operating cash flow (42.8%).
Interest Coverage: SPP's interest payments on its debt are not well covered by EBIT (2.6x coverage).