Argent Industrial Balance Sheet Health
Financial Health criteria checks 6/6
Argent Industrial has a total shareholder equity of ZAR1.8B and total debt of ZAR46.9M, which brings its debt-to-equity ratio to 2.6%. Its total assets and total liabilities are ZAR2.6B and ZAR786.0M respectively. Argent Industrial's EBIT is ZAR326.8M making its interest coverage ratio -307.7. It has cash and short-term investments of ZAR392.5M.
Key information
2.6%
Debt to equity ratio
R46.88m
Debt
| Interest coverage ratio | -307.7x |
| Cash | R392.48m |
| Equity | R1.81b |
| Total liabilities | R786.04m |
| Total assets | R2.59b |
Recent financial health updates
Recent updates
Shareholders Will Probably Hold Off On Increasing Argent Industrial Limited's (JSE:ART) CEO Compensation For The Time Being
Aug 15
Argent Industrial's (JSE:ART) Dividend Will Be Increased To ZAR0.60
Jul 05Argent 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 (ZAR1.6B) exceed its short term liabilities (ZAR644.9M).
Long Term Liabilities: ART's short term assets (ZAR1.6B) exceed its long term liabilities (ZAR141.1M).
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 4.1% to 2.6% over the past 5 years.
Debt Coverage: ART's debt is well covered by operating cash flow (816.2%).
Interest Coverage: ART earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 07:27 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
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 |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Argent Industrial Limited is covered by 2 analysts. 0 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 |
|---|---|
| Giuseppe Jerman | Investec Bank Limited (SA) |
| null null | Merchantec (Proprietary) Limited |