Spear Reit Balance Sheet Health
Financial Health criteria checks 2/6
Spear Reit has a total shareholder equity of ZAR3.2B and total debt of ZAR1.0B, which brings its debt-to-equity ratio to 32.7%. Its total assets and total liabilities are ZAR4.3B and ZAR1.1B respectively. Spear Reit's EBIT is ZAR335.7M making its interest coverage ratio 2.4. It has cash and short-term investments of ZAR16.8M.
Key information
32.7%
Debt to equity ratio
R1.03b
Debt
| Interest coverage ratio | 2.4x |
| Cash | R16.82m |
| Equity | R3.15b |
| Total liabilities | R1.12b |
| Total assets | R4.28b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SEA's short term assets (ZAR230.9M) do not cover its short term liabilities (ZAR368.5M).
Long Term Liabilities: SEA's short term assets (ZAR230.9M) do not cover its long term liabilities (ZAR755.4M).
Debt to Equity History and Analysis
Debt Level: SEA's net debt to equity ratio (32.1%) is considered satisfactory.
Reducing Debt: SEA's debt to equity ratio has reduced from 62.3% to 32.7% over the past 5 years.
Debt Coverage: SEA's debt is not well covered by operating cash flow (19.3%).
Interest Coverage: SEA's interest payments on its debt are not well covered by EBIT (2.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/08 22:26 |
| End of Day Share Price | 2025/01/08 00:00 |
| Earnings | 2024/08/31 |
| Annual Earnings | 2024/02/29 |
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 here.
Analysis Model and Snowflake
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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 .
Analyst Sources
Spear Reit Limited is covered by 2 analysts. 1 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 |
|---|---|
| Francois Du Toit | Anchor Stockbrokers Proprietary Limited |
| Lwando Ngubentombi | Anchor Stockbrokers Proprietary Limited |