Foschini Group Balance Sheet Health
Financial Health criteria checks 6/6
Foschini Group has a total shareholder equity of ZAR24.3B and total debt of ZAR10.1B, which brings its debt-to-equity ratio to 41.7%. Its total assets and total liabilities are ZAR54.9B and ZAR30.6B respectively. Foschini Group's EBIT is ZAR5.9B making its interest coverage ratio 3.3. It has cash and short-term investments of ZAR2.5B.
Key information
41.7%
Debt to equity ratio
R10.12b
Debt
| Interest coverage ratio | 3.3x |
| Cash | R2.54b |
| Equity | R24.28b |
| Total liabilities | R30.62b |
| Total assets | R54.90b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: TFG's short term assets (ZAR26.3B) exceed its short term liabilities (ZAR14.9B).
Long Term Liabilities: TFG's short term assets (ZAR26.3B) exceed its long term liabilities (ZAR15.7B).
Debt to Equity History and Analysis
Debt Level: TFG's net debt to equity ratio (31.2%) is considered satisfactory.
Reducing Debt: TFG's debt to equity ratio has reduced from 68.2% to 41.7% over the past 5 years.
Debt Coverage: TFG's debt is well covered by operating cash flow (74.8%).
Interest Coverage: TFG's interest payments on its debt are well covered by EBIT (3.3x coverage).