Netcare Balance Sheet Health
Financial Health criteria checks 4/6
Netcare has a total shareholder equity of ZAR11.0B and total debt of ZAR7.1B, which brings its debt-to-equity ratio to 64.8%. Its total assets and total liabilities are ZAR28.4B and ZAR17.4B respectively. Netcare's EBIT is ZAR3.1B making its interest coverage ratio 3.1. It has cash and short-term investments of ZAR1.8B.
Key information
64.8%
Debt to equity ratio
R7.11b
Debt
| Interest coverage ratio | 3.1x |
| Cash | R1.82b |
| Equity | R10.97b |
| Total liabilities | R17.42b |
| Total assets | R28.39b |
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
We Think Some Shareholders May Hesitate To Increase Netcare Limited's (JSE:NTC) CEO Compensation
Feb 01Capital Allocation Trends At Netcare (JSE:NTC) Aren't Ideal
Sep 19Investors Still Waiting For A Pull Back In Netcare Limited (JSE:NTC)
Jun 13Netcare's (JSE:NTC) Dividend Will Be ZAR0.30
May 22Capital 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 (ZAR6.3B).
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 (48.2%) is considered high.
Reducing Debt: NTC's debt to equity ratio has reduced from 66.6% to 64.8% over the past 5 years.
Debt Coverage: NTC's debt is well covered by operating cash flow (38.3%).
Interest Coverage: NTC's interest payments on its debt are well covered by EBIT (3.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/07 23:34 |
| End of Day Share Price | 2025/02/07 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/09/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Netcare Limited is covered by 19 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Rendani Magalela | Absa Bank Limited |
| Sean Ungerer | Arqaam Capital Research Offshore S.A.L. |
| Simon Mather | Barclays |