Tongaat Hulett Balance Sheet Health
Financial Health criteria checks 1/6
Tongaat Hulett has a total shareholder equity of ZAR705.0M and total debt of ZAR6.9B, which brings its debt-to-equity ratio to 973.6%. Its total assets and total liabilities are ZAR16.5B and ZAR15.8B respectively. Tongaat Hulett's EBIT is ZAR1.5B making its interest coverage ratio 1.5. It has cash and short-term investments of ZAR599.0M.
Key information
973.6%
Debt to equity ratio
R6.86b
Debt
| Interest coverage ratio | 1.5x |
| Cash | R599.00m |
| Equity | R705.00m |
| Total liabilities | R15.83b |
| Total assets | R16.54b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TON's short term assets (ZAR10.1B) do not cover its short term liabilities (ZAR12.5B).
Long Term Liabilities: TON's short term assets (ZAR10.1B) exceed its long term liabilities (ZAR3.3B).
Debt to Equity History and Analysis
Debt Level: TON's net debt to equity ratio (888.7%) is considered high.
Reducing Debt: TON's debt to equity ratio has increased from 76% to 973.6% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Insufficient data to determine if TON has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if TON has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.