We Buy Cars Holdings Balance Sheet Health
Financial Health criteria checks 4/6
We Buy Cars Holdings has a total shareholder equity of ZAR1.1B and total debt of ZAR1.3B, which brings its debt-to-equity ratio to 117%. Its total assets and total liabilities are ZAR4.7B and ZAR3.6B respectively. We Buy Cars Holdings's EBIT is ZAR1.1B making its interest coverage ratio 7. It has cash and short-term investments of ZAR154.4M.
Key information
117.0%
Debt to equity ratio
R1.33b
Debt
| Interest coverage ratio | 7x |
| Cash | R154.43m |
| Equity | R1.14b |
| Total liabilities | R3.57b |
| Total assets | R4.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WBC's short term assets (ZAR3.3B) exceed its short term liabilities (ZAR2.5B).
Long Term Liabilities: WBC's short term assets (ZAR3.3B) exceed its long term liabilities (ZAR1.1B).
Debt to Equity History and Analysis
Debt Level: WBC's net debt to equity ratio (103.4%) 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 (53.6%).
Interest Coverage: WBC's interest payments on its debt are well covered by EBIT (7x coverage).