Netcare Balance Sheet Health
Financial Health criteria checks 3/6
Netcare has a total shareholder equity of ZAR11.0B and total debt of ZAR7.3B, which brings its debt-to-equity ratio to 66.2%. Its total assets and total liabilities are ZAR27.8B and ZAR16.8B respectively. Netcare's EBIT is ZAR2.8B making its interest coverage ratio 3.2. It has cash and short-term investments of ZAR2.3B.
Key information
66.2%
Debt to equity ratio
R7.31b
Debt
| Interest coverage ratio | 3.2x |
| Cash | R2.29b |
| Equity | R11.04b |
| Total liabilities | R16.76b |
| Total assets | R27.80b |
Recent financial health updates
Is Netcare (JSE:NTC) A Risky Investment?
Jan 20
Is Netcare (JSE:NTC) Using Too Much Debt?
Mar 17We Think Netcare (JSE:NTC) Can Stay On Top Of Its Debt
Aug 12Recent updates
Capital Allocation Trends At Netcare (JSE:NTC) Aren't Ideal
Mar 09Is Netcare (JSE:NTC) A Risky Investment?
Jan 20Investors Could Be Concerned With Netcare's (JSE:NTC) Returns On Capital
Nov 26Netcare (JSE:NTC) Is Paying Out A Larger Dividend Than Last Year
Jul 04Netcare (JSE:NTC) Is Paying Out A Larger Dividend Than Last Year
Jun 09Netcare Limited Beat Revenue Forecasts By 6.6%: Here's What Analysts Are Forecasting Next
May 26Netcare's (JSE:NTC) Dividend Will Be Increased To ZAR0.30
May 25Some Investors May Be Worried About Netcare's (JSE:NTC) Returns On Capital
Apr 25Is Netcare (JSE:NTC) Using Too Much Debt?
Mar 17Netcare (JSE:NTC) Has Announced That Its Dividend Will Be Reduced To ZAR0.30
Jan 19Netcare (JSE:NTC) Has Announced That Its Dividend Will Be Reduced To ZAR0.30
Jan 05Netcare's (JSE:NTC) Shareholders Will Receive A Smaller Dividend Than Last Year
Dec 16Netcare's (JSE:NTC) Dividend Will Be Reduced To ZAR0.30
Nov 24Calculating The Fair Value Of Netcare Limited (JSE:NTC)
Aug 31We Think Netcare (JSE:NTC) Can Stay On Top Of Its Debt
Aug 12Investors Appear Satisfied With Netcare Limited's (JSE:NTC) Prospects
Jul 28Financial Position Analysis
Short Term Liabilities: NTC's short term assets (ZAR6.4B) exceed its short term liabilities (ZAR5.6B).
Long Term Liabilities: NTC's short term assets (ZAR6.4B) do not cover its long term liabilities (ZAR11.2B).
Debt to Equity History and Analysis
Debt Level: NTC's net debt to equity ratio (45.4%) is considered high.
Reducing Debt: NTC's debt to equity ratio has increased from 59% to 66.2% over the past 5 years.
Debt Coverage: NTC's debt is well covered by operating cash flow (36.8%).
Interest Coverage: NTC's interest payments on its debt are well covered by EBIT (3.2x coverage).