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 ratio | 51.6x |
| Cash | R364.98m |
| Equity | R1.62b |
| Total liabilities | R671.40m |
| Total assets | R2.29b |
Recent financial health updates
Recent updates
Argent Industrial (JSE:ART) Is Looking To Continue Growing Its Returns On Capital
Nov 19
Does Argent Industrial (JSE:ART) Have A Healthy Balance Sheet?
Aug 18Sentiment Still Eluding Argent Industrial Limited (JSE:ART)
Dec 16Argent Industrial (JSE:ART) Is Doing The Right Things To Multiply Its Share Price
Oct 26We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Argent Industrial Limited's (JSE:ART) CEO For Now
Aug 14Argent Industrial's (JSE:ART) Robust Earnings Are Supported By Other Strong Factors
Jul 06Financial 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).