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) 26% Dip In Price Shows Sentiment Is Matching Revenues
Dec 03
AfroCentric Investment Corporation Limited's (JSE:ACT) 29% Price Boost Is Out Of Tune With Earnings
Sep 01Pinning 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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/31 18:39 |
| End of Day Share Price | 2024/12/31 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2024/06/30 |
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 |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
AfroCentric Investment Corporation Limited is covered by 1 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 |
|---|---|
| Keith McLachlan | Thebe Stockbroking (Pty) Ltd. |