Absa Group Balance Sheet Health
Financial Health criteria checks 4/6
Absa Group has total assets of ZAR1,953.4B and total equity of ZAR171.4B. Total deposits are ZAR1,311.9B, and total loans are ZAR1,306.1B.
Key information
11.4x
Asset to equity ratio
n/a
Net interest margin
| Total deposits | R1.31t |
| Loan to deposit ratio | Appropriate |
| Bad loans | 6.1% |
| Allowance for bad loans | Low |
| Current ratio | Low |
| Cash & equivalents | R224.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: ABG's Assets to Equity ratio (11.4x) is moderate.
Allowance for Bad Loans: ABG has a low allowance for bad loans (63%).
Low Risk Liabilities: 74% of ABG's liabilities are made up of primarily low risk sources of funding.
Loan Level: ABG has an appropriate level of Loans to Assets ratio (67%).
Low Risk Deposits: ABG's Loans to Deposits ratio (100%) is appropriate.
Level of Bad Loans: ABG has a high level of bad loans (6.1%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 16:14 |
| End of Day Share Price | 2024/12/20 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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| 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
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Analyst Sources
Absa Group Limited is covered by 21 analysts. 7 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 |
|---|---|
| Johann Scholtz | Afrifocus Securities (Pty) Ltd. |
| Harry Botha | Anchor Stockbrokers Proprietary Limited |
| Jaap Meijer | Arqaam Capital Research Offshore S.A.L. |