SPAR Group Balance Sheet Health
Financial Health criteria checks 3/6
SPAR Group has a total shareholder equity of ZAR10.2B and total debt of ZAR11.5B, which brings its debt-to-equity ratio to 112.1%. Its total assets and total liabilities are ZAR61.6B and ZAR51.4B respectively. SPAR Group's EBIT is ZAR2.4B making its interest coverage ratio 3.1. It has cash and short-term investments of ZAR1.7B.
Key information
112.1%
Debt to equity ratio
R11.46b
Debt
Interest coverage ratio | 3.1x |
Cash | R1.71b |
Equity | R10.22b |
Total liabilities | R51.37b |
Total assets | R61.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SPP's short term assets (ZAR28.2B) do not cover its short term liabilities (ZAR30.0B).
Long Term Liabilities: SPP's short term assets (ZAR28.2B) exceed its long term liabilities (ZAR21.4B).
Debt to Equity History and Analysis
Debt Level: SPP's net debt to equity ratio (95.4%) is considered high.
Reducing Debt: SPP's debt to equity ratio has increased from 73.2% to 112.1% over the past 5 years.
Debt Coverage: SPP's debt is well covered by operating cash flow (42.1%).
Interest Coverage: SPP's interest payments on its debt are well covered by EBIT (3.1x coverage).