AfroCentric Investment Balance Sheet Health
Financial Health criteria checks 5/6
AfroCentric Investment has a total shareholder equity of ZAR3.4B and total debt of ZAR628.4M, which brings its debt-to-equity ratio to 18.5%. Its total assets and total liabilities are ZAR5.4B and ZAR2.0B respectively. AfroCentric Investment's EBIT is ZAR2.2B making its interest coverage ratio 33.9. It has cash and short-term investments of ZAR340.0M.
Key information
18.5%
Debt to equity ratio
R628.41m
Debt
| Interest coverage ratio | 33.9x |
| Cash | R339.96m |
| Equity | R3.40b |
| Total liabilities | R2.01b |
| Total assets | R5.41b |
Recent financial health updates
No updates
Recent updates
AfroCentric Investment Corporation Limited's (JSE:ACT) 29% Price Boost Is Out Of Tune With Earnings
Sep 01
Pinning Down AfroCentric Investment Corporation Limited's (JSE:ACT) P/E Is Difficult Right Now
May 02Here's Why We Think AfroCentric Investment Corporation Limited's (JSE:ACT) CEO Compensation Looks Fair for the time being
Nov 04AfroCentric 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 (ZAR1.6B) exceed its short term liabilities (ZAR1.1B).
Long Term Liabilities: ACT's short term assets (ZAR1.6B) exceed its long term liabilities (ZAR942.9M).
Debt to Equity History and Analysis
Debt Level: ACT's net debt to equity ratio (8.5%) is considered satisfactory.
Reducing Debt: ACT's debt to equity ratio has increased from 17.1% to 18.5% over the past 5 years.
Debt Coverage: ACT's debt is well covered by operating cash flow (129.6%).
Interest Coverage: ACT's interest payments on its debt are well covered by EBIT (33.9x coverage).