Foschini Group Balance Sheet Health
Financial Health criteria checks 6/6
Foschini Group has a total shareholder equity of ZAR22.7B and total debt of ZAR10.6B, which brings its debt-to-equity ratio to 46.7%. Its total assets and total liabilities are ZAR52.7B and ZAR30.0B respectively. Foschini Group's EBIT is ZAR5.5B making its interest coverage ratio 3.2. It has cash and short-term investments of ZAR2.9B.
Key information
46.7%
Debt to equity ratio
R10.63b
Debt
Interest coverage ratio | 3.2x |
Cash | R2.87b |
Equity | R22.75b |
Total liabilities | R29.99b |
Total assets | R52.74b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: TFG's short term assets (ZAR25.0B) exceed its short term liabilities (ZAR13.7B).
Long Term Liabilities: TFG's short term assets (ZAR25.0B) exceed its long term liabilities (ZAR16.3B).
Debt to Equity History and Analysis
Debt Level: TFG's net debt to equity ratio (34.1%) is considered satisfactory.
Reducing Debt: TFG's debt to equity ratio has reduced from 71.3% to 46.7% over the past 5 years.
Debt Coverage: TFG's debt is well covered by operating cash flow (70%).
Interest Coverage: TFG's interest payments on its debt are well covered by EBIT (3.2x coverage).