Brait Balance Sheet Health
Financial Health criteria checks 2/6
Brait has a total shareholder equity of ZAR12.0B and total debt of ZAR2.7B, which brings its debt-to-equity ratio to 22.4%. Its total assets and total liabilities are ZAR14.7B and ZAR2.8B respectively. Brait's EBIT is ZAR774.0M making its interest coverage ratio 1.9. It has cash and short-term investments of ZAR1,000.0K.
Key information
22.4%
Debt to equity ratio
R2.68b
Debt
| Interest coverage ratio | 1.9x |
| Cash | R1.00m |
| Equity | R11.97b |
| Total liabilities | R2.78b |
| Total assets | R14.75b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: BAT's short term assets (ZAR5.0M) do not cover its short term liabilities (ZAR93.0M).
Long Term Liabilities: BAT's short term assets (ZAR5.0M) do not cover its long term liabilities (ZAR2.7B).
Debt to Equity History and Analysis
Debt Level: BAT's net debt to equity ratio (22.4%) is considered satisfactory.
Reducing Debt: BAT's debt to equity ratio has reduced from 71.2% to 22.4% over the past 5 years.
Debt Coverage: BAT's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: BAT's interest payments on its debt are not well covered by EBIT (1.9x coverage).