African Rainbow Minerals Balance Sheet Health
Financial Health criteria checks 6/6
African Rainbow Minerals has a total shareholder equity of ZAR54.4B and total debt of ZAR94.0M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are ZAR64.4B and ZAR10.0B respectively. African Rainbow Minerals's EBIT is ZAR1.2B making its interest coverage ratio -1.4. It has cash and short-term investments of ZAR8.6B.
Key information
0.2%
Debt to equity ratio
R94.00m
Debt
| Interest coverage ratio | -1.4x |
| Cash | R8.59b |
| Equity | R54.44b |
| Total liabilities | R9.96b |
| Total assets | R64.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EB9's short term assets (ZAR15.3B) exceed its short term liabilities (ZAR3.5B).
Long Term Liabilities: EB9's short term assets (ZAR15.3B) exceed its long term liabilities (ZAR6.5B).
Debt to Equity History and Analysis
Debt Level: EB9 has more cash than its total debt.
Reducing Debt: EB9's debt to equity ratio has reduced from 7.1% to 0.2% over the past 5 years.
Debt Coverage: EB9's debt is well covered by operating cash flow (9607.4%).
Interest Coverage: EB9 earns more interest than it pays, so coverage of interest payments is not a concern.