Burstone Group Balance Sheet Health
Financial Health criteria checks 1/6
Burstone Group has a total shareholder equity of ZAR13.0B and total debt of ZAR12.4B, which brings its debt-to-equity ratio to 95.3%. Its total assets and total liabilities are ZAR26.4B and ZAR13.3B respectively. Burstone Group's EBIT is ZAR1.0B making its interest coverage ratio 4.6. It has cash and short-term investments of ZAR228.3M.
Key information
95.3%
Debt to equity ratio
R12.44b
Debt
| Interest coverage ratio | 4.6x |
| Cash | R228.30m |
| Equity | R13.05b |
| Total liabilities | R13.34b |
| Total assets | R26.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BTN's short term assets (ZAR1.5B) do not cover its short term liabilities (ZAR2.9B).
Long Term Liabilities: BTN's short term assets (ZAR1.5B) do not cover its long term liabilities (ZAR10.4B).
Debt to Equity History and Analysis
Debt Level: BTN's net debt to equity ratio (93.6%) is considered high.
Reducing Debt: BTN's debt to equity ratio has increased from 59.3% to 95.3% over the past 5 years.
Debt Coverage: BTN's debt is not well covered by operating cash flow (5.8%).
Interest Coverage: BTN's interest payments on its debt are well covered by EBIT (4.6x coverage).