Afric Industries Balance Sheet Health
Financial Health criteria checks 6/6
Afric Industries has a total shareholder equity of MAD40.5M and total debt of MAD188.5K, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are MAD54.1M and MAD13.6M respectively. Afric Industries's EBIT is MAD8.4M making its interest coverage ratio 543.4. It has cash and short-term investments of MAD4.2M.
Key information
0.5%
Debt to equity ratio
د.م188.47k
Debt
| Interest coverage ratio | 543.4x |
| Cash | د.م4.23m |
| Equity | د.م40.47m |
| Total liabilities | د.م13.60m |
| Total assets | د.م54.07m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AFI's short term assets (MAD32.8M) exceed its short term liabilities (MAD13.6M).
Long Term Liabilities: AFI has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: AFI has more cash than its total debt.
Reducing Debt: AFI's debt to equity ratio has reduced from 15% to 0.5% over the past 5 years.
Debt Coverage: AFI's debt is well covered by operating cash flow (3314.6%).
Interest Coverage: AFI's interest payments on its debt are well covered by EBIT (543.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 01:48 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
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 |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| 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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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
Afric Industries S.A. is covered by 0 analysts. 0 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 |
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