Karooooo Balance Sheet Health
Financial Health criteria checks 5/6
Karooooo has a total shareholder equity of ZAR2.8B and total debt of ZAR51.6M, which brings its debt-to-equity ratio to 1.9%. Its total assets and total liabilities are ZAR4.1B and ZAR1.3B respectively. Karooooo's EBIT is ZAR978.5M making its interest coverage ratio -38.7. It has cash and short-term investments of ZAR782.0M.
Key information
1.9%
Debt to equity ratio
R51.62m
Debt
| Interest coverage ratio | -38.7x |
| Cash | R781.98m |
| Equity | R2.77b |
| Total liabilities | R1.33b |
| Total assets | R4.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KRO's short term assets (ZAR1.4B) exceed its short term liabilities (ZAR979.7M).
Long Term Liabilities: KRO's short term assets (ZAR1.4B) exceed its long term liabilities (ZAR355.2M).
Debt to Equity History and Analysis
Debt Level: KRO has more cash than its total debt.
Reducing Debt: Insufficient data to determine if KRO's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: KRO's debt is well covered by operating cash flow (2650%).
Interest Coverage: KRO earns more interest than it pays, so coverage of interest payments is not a concern.