Africa Resources Balance Sheet Health
Financial Health criteria checks 1/6
Africa Resources has a total shareholder equity of SEK6.4M and total debt of SEK5.2M, which brings its debt-to-equity ratio to 80.3%. Its total assets and total liabilities are SEK12.0M and SEK5.6M respectively.
Key information
80.3%
Debt to equity ratio
kr5.16m
Debt
Interest coverage ratio | n/a |
Cash | kr53.00k |
Equity | kr6.43m |
Total liabilities | kr5.58m |
Total assets | kr12.01m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AFRI's short term assets (SEK443.0K) exceed its short term liabilities (SEK423.0K).
Long Term Liabilities: AFRI's short term assets (SEK443.0K) do not cover its long term liabilities (SEK5.2M).
Debt to Equity History and Analysis
Debt Level: AFRI's net debt to equity ratio (79.5%) is considered high.
Reducing Debt: AFRI's debt to equity ratio has increased from 16.6% to 80.3% 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 less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: AFRI has less than a year of cash runway if free cash flow continues to grow at historical rates of 36.9% each year.