AECI Balance Sheet Health
Financial Health criteria checks 6/6
AECI has a total shareholder equity of ZAR12.4B and total debt of ZAR5.6B, which brings its debt-to-equity ratio to 44.9%. Its total assets and total liabilities are ZAR27.9B and ZAR15.5B respectively. AECI's EBIT is ZAR2.6B making its interest coverage ratio 5. It has cash and short-term investments of ZAR2.6B.
Key information
44.9%
Debt to equity ratio
R5.58b
Debt
Interest coverage ratio | 5x |
Cash | R2.64b |
Equity | R12.41b |
Total liabilities | R15.53b |
Total assets | R27.94b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AFE's short term assets (ZAR16.2B) exceed its short term liabilities (ZAR9.0B).
Long Term Liabilities: AFE's short term assets (ZAR16.2B) exceed its long term liabilities (ZAR6.5B).
Debt to Equity History and Analysis
Debt Level: AFE's net debt to equity ratio (23.7%) is considered satisfactory.
Reducing Debt: AFE's debt to equity ratio has reduced from 56.4% to 44.9% over the past 5 years.
Debt Coverage: AFE's debt is well covered by operating cash flow (64.4%).
Interest Coverage: AFE's interest payments on its debt are well covered by EBIT (5x coverage).