Afric Industries Balance Sheet Health
Financial Health criteria checks 6/6
Afric Industries has a total shareholder equity of MAD43.9M and total debt of MAD0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are MAD52.1M and MAD8.1M respectively. Afric Industries's EBIT is MAD7.2M making its interest coverage ratio 103.6. It has cash and short-term investments of MAD6.0M.
Key information
0%
Debt to equity ratio
د.م0
Debt
| Interest coverage ratio | 103.6x |
| Cash | د.م6.01m |
| Equity | د.م43.95m |
| Total liabilities | د.م8.14m |
| Total assets | د.م52.08m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AFI's short term assets (MAD30.3M) exceed its short term liabilities (MAD8.1M).
Long Term Liabilities: AFI has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: AFI is debt free.
Reducing Debt: AFI has no debt compared to 5 years ago when its debt to equity ratio was 6.3%.
Debt Coverage: AFI has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: AFI has no debt, therefore coverage of interest payments is not a concern.