Liberty Two Degrees Balance Sheet Health
Financial Health criteria checks 1/6
Liberty Two Degrees has a total shareholder equity of ZAR6.6B and total debt of ZAR2.1B, which brings its debt-to-equity ratio to 31.5%. Its total assets and total liabilities are ZAR8.9B and ZAR2.3B respectively. Liberty Two Degrees's EBIT is ZAR524.0M making its interest coverage ratio 2.8. It has cash and short-term investments of ZAR108.3M.
Key information
31.5%
Debt to equity ratio
R2.07b
Debt
Interest coverage ratio | 2.8x |
Cash | R108.28m |
Equity | R6.57b |
Total liabilities | R2.29b |
Total assets | R8.86b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: L2D's short term assets (ZAR534.2M) do not cover its short term liabilities (ZAR946.3M).
Long Term Liabilities: L2D's short term assets (ZAR534.2M) do not cover its long term liabilities (ZAR1.3B).
Debt to Equity History and Analysis
Debt Level: L2D's net debt to equity ratio (29.9%) is considered satisfactory.
Reducing Debt: L2D's debt to equity ratio has increased from 0% to 31.5% over the past 5 years.
Debt Coverage: L2D's debt is not well covered by operating cash flow (14.4%).
Interest Coverage: L2D's interest payments on its debt are not well covered by EBIT (2.8x coverage).