AfroCentric Investment Balance Sheet Health
Financial Health criteria checks 5/6
AfroCentric Investment has a total shareholder equity of ZAR3.7B and total debt of ZAR641.4M, which brings its debt-to-equity ratio to 17.5%. Its total assets and total liabilities are ZAR5.6B and ZAR1.9B respectively. AfroCentric Investment's EBIT is ZAR2.1B making its interest coverage ratio 30. It has cash and short-term investments of ZAR189.3M.
Key information
17.5%
Debt to equity ratio
R641.39m
Debt
| Interest coverage ratio | 30x |
| Cash | R189.30m |
| Equity | R3.67b |
| Total liabilities | R1.89b |
| Total assets | R5.56b |
Recent financial health updates
No updates
Recent updates
Here's Why We Think AfroCentric Investment Corporation Limited's (JSE:ACT) CEO Compensation Looks Fair for the time being
Nov 04
AfroCentric Investment (JSE:ACT) Has Announced A Dividend Of ZAR0.17
Oct 26AfroCentric Investment (JSE:ACT) Is Due To Pay A Dividend Of ZAR0.17
Oct 12AfroCentric Investment (JSE:ACT) Will Pay A Dividend Of ZAR0.17
Sep 16AfroCentric Investment (JSE:ACT) Will Pay A Dividend Of R0.17
Oct 03AfroCentric Investment's (JSE:ACT) Dividend Will Be R0.17
Sep 16Is Now The Time To Put AfroCentric Investment (JSE:ACT) On Your Watchlist?
Sep 05I Built A List Of Growing Companies And AfroCentric Investment (JSE:ACT) Made The Cut
Jun 04How Does AfroCentric Investment Corporation Limited (JSE:ACT) Fare As A Dividend Stock?
Apr 28I Built A List Of Growing Companies And AfroCentric Investment (JSE:ACT) Made The Cut
Feb 24Why AfroCentric Investment Corporation Limited (JSE:ACT) Should Be In Your Dividend Portfolio
Jan 18AfroCentric Investment's (JSE:ACT) Shareholders Are Down 44% On Their Shares
Dec 22
Here's Why I Think AfroCentric Investment (JSE:ACT) Is An Interesting Stock
Nov 25Financial Position Analysis
Short Term Liabilities: ACT's short term assets (ZAR1.5B) exceed its short term liabilities (ZAR980.6M).
Long Term Liabilities: ACT's short term assets (ZAR1.5B) exceed its long term liabilities (ZAR905.0M).
Debt to Equity History and Analysis
Debt Level: ACT's net debt to equity ratio (12.3%) is considered satisfactory.
Reducing Debt: ACT's debt to equity ratio has increased from 0% to 17.5% over the past 5 years.
Debt Coverage: ACT's debt is well covered by operating cash flow (112.5%).
Interest Coverage: ACT's interest payments on its debt are well covered by EBIT (30x coverage).