Africa Resources Balance Sheet Health
Financial Health criteria checks 1/6
Africa Resources has a total shareholder equity of SEK5.9M and total debt of SEK5.3M, which brings its debt-to-equity ratio to 89.5%. Its total assets and total liabilities are SEK11.6M and SEK5.7M respectively.
Key information
89.5%
Debt to equity ratio
SEK 5.28m
Debt
| Interest coverage ratio | n/a |
| Cash | SEK 37.00k |
| Equity | SEK 5.90m |
| Total liabilities | SEK 5.75m |
| Total assets | SEK 11.65m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AFRI's short term assets (SEK77.0K) do not cover its short term liabilities (SEK463.0K).
Long Term Liabilities: AFRI's short term assets (SEK77.0K) do not cover its long term liabilities (SEK5.3M).
Debt to Equity History and Analysis
Debt Level: AFRI's net debt to equity ratio (88.9%) is considered high.
Reducing Debt: AFRI's debt to equity ratio has increased from 1.9% to 89.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: AFRI has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if AFRI has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.