Brikor Balance Sheet Health
Financial Health criteria checks 4/6
Brikor has a total shareholder equity of ZAR114.7M and total debt of ZAR22.6M, which brings its debt-to-equity ratio to 19.7%. Its total assets and total liabilities are ZAR317.9M and ZAR203.2M respectively. Brikor's EBIT is ZAR23.3M making its interest coverage ratio 1.7. It has cash and short-term investments of ZAR7.3M.
Key information
19.7%
Debt to equity ratio
R22.60m
Debt
| Interest coverage ratio | 1.7x |
| Cash | R7.33m |
| Equity | R114.67m |
| Total liabilities | R203.19m |
| Total assets | R317.86m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: BIK's short term assets (ZAR117.0M) do not cover its short term liabilities (ZAR126.3M).
Long Term Liabilities: BIK's short term assets (ZAR117.0M) exceed its long term liabilities (ZAR76.9M).
Debt to Equity History and Analysis
Debt Level: BIK's net debt to equity ratio (13.3%) is considered satisfactory.
Reducing Debt: BIK's debt to equity ratio has reduced from 33.8% to 19.7% over the past 5 years.
Debt Coverage: BIK's debt is well covered by operating cash flow (98.3%).
Interest Coverage: BIK's interest payments on its debt are not well covered by EBIT (1.7x coverage).