Spur Balance Sheet Health
Financial Health criteria checks 5/6
Spur has a total shareholder equity of ZAR835.1M and total debt of ZAR70.8M, which brings its debt-to-equity ratio to 8.5%. Its total assets and total liabilities are ZAR1.4B and ZAR552.8M respectively. Spur's EBIT is ZAR318.2M making its interest coverage ratio -10.8. It has cash and short-term investments of ZAR365.7M.
Key information
8.5%
Debt to equity ratio
R70.78m
Debt
| Interest coverage ratio | -10.8x |
| Cash | R365.75m |
| Equity | R835.06m |
| Total liabilities | R552.85m |
| Total assets | R1.39b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: SUR's short term assets (ZAR713.5M) exceed its short term liabilities (ZAR428.2M).
Long Term Liabilities: SUR's short term assets (ZAR713.5M) exceed its long term liabilities (ZAR124.7M).
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 0% to 8.5% over the past 5 years.
Debt Coverage: SUR's debt is well covered by operating cash flow (356.8%).
Interest Coverage: SUR earns more interest than it pays, so coverage of interest payments is not a concern.