African Rainbow Minerals Balance Sheet Health
Financial Health criteria checks 5/6
African Rainbow Minerals has a total shareholder equity of ZAR58.1B and total debt of ZAR1.0B, which brings its debt-to-equity ratio to 1.8%. Its total assets and total liabilities are ZAR70.7B and ZAR12.6B respectively.
Key information
1.8%
Debt to equity ratio
R1.02b
Debt
| Interest coverage ratio | n/a |
| Cash | R8.99b |
| Equity | R58.09b |
| Total liabilities | R12.61b |
| Total assets | R70.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EB9's short term assets (ZAR15.4B) exceed its short term liabilities (ZAR5.5B).
Long Term Liabilities: EB9's short term assets (ZAR15.4B) exceed its long term liabilities (ZAR7.1B).
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 6.3% to 1.8% over the past 5 years.
Debt Coverage: EB9's debt is well covered by operating cash flow (741.9%).
Interest Coverage: Insufficient data to determine if EB9's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 04:17 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2024/06/30 |
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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Learn about the world class team who designed and built the Simply Wall St analysis model.
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
African Rainbow Minerals Limited is covered by 18 analysts. 5 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 |
|---|---|
| Ayan Ghosh | Avior Capital Markets |
| Caroline Learmonth | Barclays |
| Brian Morgan | BNP Paribas Securities (Asia) |