Spur Balance Sheet Health
Financial Health criteria checks 5/6
Spur has a total shareholder equity of ZAR795.8M and total debt of ZAR70.8M, which brings its debt-to-equity ratio to 8.9%. Its total assets and total liabilities are ZAR1.4B and ZAR621.9M respectively. Spur's EBIT is ZAR311.2M making its interest coverage ratio -9.6. It has cash and short-term investments of ZAR288.0M.
Key information
8.9%
Debt to equity ratio
R70.78m
Debt
| Interest coverage ratio | -9.6x |
| Cash | R288.02m |
| Equity | R795.85m |
| Total liabilities | R621.93m |
| Total assets | R1.42b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: SUR's short term assets (ZAR730.7M) exceed its short term liabilities (ZAR476.6M).
Long Term Liabilities: SUR's short term assets (ZAR730.7M) exceed its long term liabilities (ZAR145.3M).
Debt to Equity History and Analysis
Debt Level: SUR has more cash than its total debt.
Reducing Debt: SUR's debt to equity ratio has increased from 1.9% to 8.9% over the past 5 years.
Debt Coverage: SUR's debt is well covered by operating cash flow (336.2%).
Interest Coverage: SUR earns more interest than it pays, so coverage of interest payments is not a concern.