ArcelorMittal South Africa Balance Sheet Health
Financial Health criteria checks 2/6
ArcelorMittal South Africa has a total shareholder equity of ZAR-317.0M and total debt of ZAR9.1B, which brings its debt-to-equity ratio to -2878.9%. Its total assets and total liabilities are ZAR21.1B and ZAR21.4B respectively.
Key information
-2,878.86%
Debt to equity ratio
R9.13b
Debt
| Interest coverage ratio | n/a |
| Cash | R1.57b |
| Equity | -R317.00m |
| Total liabilities | R21.44b |
| Total assets | R21.13b |
Recent financial health updates
Is ArcelorMittal South Africa (JSE:ACL) Using Debt Sensibly?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Does ArcelorMittal South Africa (JSE:ACL) Have A Healthy Balance Sheet?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Is ArcelorMittal South Africa (JSE:ACL) A Risky Investment?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...ArcelorMittal South Africa (JSE:ACL) Has Debt But No Earnings; Should You Worry?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...ArcelorMittal South Africa (JSE:ACL) Has Debt But No Earnings; Should You Worry?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Recent updates
Financial Position Analysis
Short Term Liabilities: ACL has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: ACL has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: ACL has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: ACL's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: ACL has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: ACL has sufficient cash runway for 1.3 years if free cash flow continues to reduce at historical rates of 11.8% each year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/07 13:07 |
| End of Day Share Price | 2026/05/07 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
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 |
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| Market Prices | 30 years |
| |
| 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.
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 Github.
Analyst Sources
ArcelorMittal South Africa Limited is covered by 10 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 |
|---|---|
| Wade Napier | Avior Capital Markets |
| Caroline Learmonth | Barclays |
| Jason Fairclough | BofA Global Research |