Argent Industrial Balance Sheet Health
Financial Health criteria checks 6/6
Argent Industrial has a total shareholder equity of ZAR1.7B and total debt of ZAR47.7M, which brings its debt-to-equity ratio to 2.8%. Its total assets and total liabilities are ZAR2.5B and ZAR792.8M respectively. Argent Industrial's EBIT is ZAR323.9M making its interest coverage ratio 1068.9. It has cash and short-term investments of ZAR452.4M.
Key information
2.8%
Debt to equity ratio
R47.69m
Debt
| Interest coverage ratio | 1068.9x |
| Cash | R452.39m |
| Equity | R1.72b |
| Total liabilities | R792.76m |
| Total assets | R2.51b |
Recent financial health updates
Recent updates
Argent Industrial's (JSE:ART) Dividend Will Be Increased To ZAR0.60
Jul 05
Argent Industrial (JSE:ART) Is Looking To Continue Growing Its Returns On Capital
Nov 19Does 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 (ZAR1.7B) exceed its short term liabilities (ZAR653.7M).
Long Term Liabilities: ART's short term assets (ZAR1.7B) exceed its long term liabilities (ZAR139.1M).
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 7.1% to 2.8% over the past 5 years.
Debt Coverage: ART's debt is well covered by operating cash flow (739.5%).
Interest Coverage: ART's interest payments on its debt are well covered by EBIT (1068.9x coverage).