We Buy Cars Holdings Balance Sheet Health
Financial Health criteria checks 4/6
We Buy Cars Holdings has a total shareholder equity of ZAR2.3B and total debt of ZAR1.3B, which brings its debt-to-equity ratio to 57.5%. Its total assets and total liabilities are ZAR4.2B and ZAR1.9B respectively. We Buy Cars Holdings's EBIT is ZAR1.2B making its interest coverage ratio 8.6. It has cash and short-term investments of ZAR248.3M.
Key information
57.5%
Debt to equity ratio
R1.33b
Debt
| Interest coverage ratio | 8.6x |
| Cash | R248.27m |
| Equity | R2.31b |
| Total liabilities | R1.88b |
| Total assets | R4.19b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WBC's short term assets (ZAR2.8B) exceed its short term liabilities (ZAR903.5M).
Long Term Liabilities: WBC's short term assets (ZAR2.8B) exceed its long term liabilities (ZAR978.0M).
Debt to Equity History and Analysis
Debt Level: WBC's net debt to equity ratio (46.8%) is considered high.
Reducing Debt: Insufficient data to determine if WBC's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: WBC's debt is well covered by operating cash flow (44.6%).
Interest Coverage: WBC's interest payments on its debt are well covered by EBIT (8.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 00:09 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/09/30 |
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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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
We Buy Cars Holdings Limited is covered by 1 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 |
|---|---|
| Rowan Goeller | Chronux Research |