Altron Balance Sheet Health
Financial Health criteria checks 6/6
Altron has a total shareholder equity of ZAR4.1B and total debt of ZAR938.0M, which brings its debt-to-equity ratio to 23.1%. Its total assets and total liabilities are ZAR9.4B and ZAR5.3B respectively. Altron's EBIT is ZAR739.0M making its interest coverage ratio 5.9. It has cash and short-term investments of ZAR1.1B.
Key information
23.1%
Debt to equity ratio
R938.00m
Debt
| Interest coverage ratio | 5.9x |
| Cash | R1.14b |
| Equity | R4.07b |
| Total liabilities | R5.29b |
| Total assets | R9.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RY7A's short term assets (ZAR5.2B) exceed its short term liabilities (ZAR3.6B).
Long Term Liabilities: RY7A's short term assets (ZAR5.2B) exceed its long term liabilities (ZAR1.7B).
Debt to Equity History and Analysis
Debt Level: RY7A has more cash than its total debt.
Reducing Debt: RY7A's debt to equity ratio has reduced from 75.4% to 23.1% over the past 5 years.
Debt Coverage: RY7A's debt is well covered by operating cash flow (148.7%).
Interest Coverage: RY7A's interest payments on its debt are well covered by EBIT (5.9x coverage).