Argent Industrial Balance Sheet Health

Financial Health criteria checks 6/6

Argent Industrial has a total shareholder equity of ZAR1.6B and total debt of ZAR118.6M, which brings its debt-to-equity ratio to 7.3%. Its total assets and total liabilities are ZAR2.3B and ZAR671.4M respectively. Argent Industrial's EBIT is ZAR315.8M making its interest coverage ratio 51.6. It has cash and short-term investments of ZAR365.0M.

Key information

7.3%

Debt to equity ratio

R118.57m

Debt

Interest coverage ratio51.6x
CashR364.98m
EquityR1.62b
Total liabilitiesR671.40m
Total assetsR2.29b

Recent financial health updates

Recent updates

Argent Industrial (JSE:ART) Is Looking To Continue Growing Its Returns On Capital

Nov 19
Argent Industrial (JSE:ART) Is Looking To Continue Growing Its Returns On Capital

Does Argent Industrial (JSE:ART) Have A Healthy Balance Sheet?

Aug 18
Does Argent Industrial (JSE:ART) Have A Healthy Balance Sheet?

Sentiment Still Eluding Argent Industrial Limited (JSE:ART)

Dec 16
Sentiment Still Eluding Argent Industrial Limited (JSE:ART)

Argent Industrial (JSE:ART) Is Doing The Right Things To Multiply Its Share Price

Oct 26
Argent Industrial (JSE:ART) Is Doing The Right Things To Multiply Its Share Price

We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Argent Industrial Limited's (JSE:ART) CEO For Now

Aug 14
We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Argent Industrial Limited's (JSE:ART) CEO For Now

Argent Industrial's (JSE:ART) Robust Earnings Are Supported By Other Strong Factors

Jul 06
Argent Industrial's (JSE:ART) Robust Earnings Are Supported By Other Strong Factors

Financial Position Analysis

Short Term Liabilities: ART's short term assets (ZAR1.5B) exceed its short term liabilities (ZAR527.4M).

Long Term Liabilities: ART's short term assets (ZAR1.5B) exceed its long term liabilities (ZAR144.0M).


Debt to Equity History and Analysis

Debt Level: ART has more cash than its total debt.

Reducing Debt: ART's debt to equity ratio has reduced from 7.5% to 7.3% over the past 5 years.

Debt Coverage: ART's debt is well covered by operating cash flow (255.1%).

Interest Coverage: ART's interest payments on its debt are well covered by EBIT (51.6x coverage).


Balance Sheet


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