African Rainbow Minerals Balance Sheet Health
Financial Health criteria checks 5/6
African Rainbow Minerals has a total shareholder equity of ZAR58.1B and total debt of ZAR1.0B, which brings its debt-to-equity ratio to 1.8%. Its total assets and total liabilities are ZAR70.7B and ZAR12.6B respectively.
Key information
1.8%
Debt to equity ratio
R1.02b
Debt
| Interest coverage ratio | n/a |
| Cash | R8.99b |
| Equity | R58.09b |
| Total liabilities | R12.61b |
| Total assets | R70.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AFBO.F's short term assets (ZAR15.4B) exceed its short term liabilities (ZAR5.5B).
Long Term Liabilities: AFBO.F's short term assets (ZAR15.4B) exceed its long term liabilities (ZAR7.1B).
Debt to Equity History and Analysis
Debt Level: AFBO.F has more cash than its total debt.
Reducing Debt: AFBO.F's debt to equity ratio has reduced from 6.3% to 1.8% over the past 5 years.
Debt Coverage: AFBO.F's debt is well covered by operating cash flow (741.9%).
Interest Coverage: Insufficient data to determine if AFBO.F's interest payments on its debt are well covered by EBIT.