SPAR Group Balance Sheet Health
Financial Health criteria checks 5/6
SPAR Group has a total shareholder equity of ZAR6.5B and total debt of ZAR7.7B, which brings its debt-to-equity ratio to 117.4%. Its total assets and total liabilities are ZAR55.4B and ZAR48.9B respectively. SPAR Group's EBIT is ZAR2.9B making its interest coverage ratio 3.5. It has cash and short-term investments of ZAR1.4B.
Key information
117.42%
Debt to equity ratio
R7.67b
Debt
| Interest coverage ratio | 3.5x |
| Cash | R1.42b |
| Equity | R6.53b |
| Total liabilities | R48.89b |
| Total assets | R55.42b |
Recent financial health updates
Recent updates
Solid Earnings Reflect SPAR Group's (JSE:SPP) Strength As A Business
Jun 12
What Does The Future Hold For The SPAR Group Ltd (JSE:SPP)? These Analysts Have Been Cutting Their Estimates
Jun 11The SPAR Group Ltd (JSE:SPP) Not Lagging Market On Growth Or Pricing
May 03Here's What's Concerning About SPAR Group's (JSE:SPP) Returns On Capital
Apr 04
Operational Efficiencies And company2U Expansion Will Strengthen Future Performance
Enhancements in operational efficiencies and strategic exits are geared towards better margins and increased investor confidence through improved financial metrics.Is SPAR Group (JSE:SPP) Using Too Much Debt?
Feb 08Financial Position Analysis
Short Term Liabilities: SPP's short term assets (ZAR35.3B) exceed its short term liabilities (ZAR34.6B).
Long Term Liabilities: SPP's short term assets (ZAR35.3B) exceed its long term liabilities (ZAR14.3B).
Debt to Equity History and Analysis
Debt Level: SPP's net debt to equity ratio (95.7%) is considered high.
Reducing Debt: SPP's debt to equity ratio has reduced from 149.9% to 117.4% over the past 5 years.
Debt Coverage: SPP's debt is well covered by operating cash flow (56%).
Interest Coverage: SPP's interest payments on its debt are well covered by EBIT (3.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/06/16 19:58 |
| End of Day Share Price | 2025/06/13 00:00 |
| Earnings | 2025/03/28 |
| Annual Earnings | 2024/09/30 |
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 |
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| 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
The SPAR Group Ltd is covered by 23 analysts. 6 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 |
|---|---|
| Darren Cohn | Absa Bank Limited |
| Victor Dima | Arqaam Capital Research Offshore S.A.L. |
| Michael de Nobrega | Avior Capital Markets |