Foschini Group Balance Sheet Health
Financial Health criteria checks 6/6
Foschini Group has a total shareholder equity of ZAR24.1B and total debt of ZAR8.7B, which brings its debt-to-equity ratio to 35.9%. Its total assets and total liabilities are ZAR54.2B and ZAR30.0B respectively. Foschini Group's EBIT is ZAR6.0B making its interest coverage ratio 3.4. It has cash and short-term investments of ZAR3.8B.
Key information
35.9%
Debt to equity ratio
R8.67b
Debt
Interest coverage ratio | 3.4x |
Cash | R3.78b |
Equity | R24.14b |
Total liabilities | R30.02b |
Total assets | R54.16b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: TFG's short term assets (ZAR25.3B) exceed its short term liabilities (ZAR14.4B).
Long Term Liabilities: TFG's short term assets (ZAR25.3B) exceed its long term liabilities (ZAR15.6B).
Debt to Equity History and Analysis
Debt Level: TFG's net debt to equity ratio (20.3%) is considered satisfactory.
Reducing Debt: TFG's debt to equity ratio has reduced from 65.6% to 35.9% over the past 5 years.
Debt Coverage: TFG's debt is well covered by operating cash flow (111.9%).
Interest Coverage: TFG's interest payments on its debt are well covered by EBIT (3.4x coverage).