AECI Balance Sheet Health
Financial Health criteria checks 6/6
AECI has a total shareholder equity of ZAR12.4B and total debt of ZAR6.6B, which brings its debt-to-equity ratio to 53.2%. Its total assets and total liabilities are ZAR27.1B and ZAR14.7B respectively. AECI's EBIT is ZAR2.1B making its interest coverage ratio 4. It has cash and short-term investments of ZAR2.7B.
Key information
53.2%
Debt to equity ratio
R6.62b
Debt
| Interest coverage ratio | 4x |
| Cash | R2.72b |
| Equity | R12.45b |
| Total liabilities | R14.68b |
| Total assets | R27.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AFEP's short term assets (ZAR15.6B) exceed its short term liabilities (ZAR8.3B).
Long Term Liabilities: AFEP's short term assets (ZAR15.6B) exceed its long term liabilities (ZAR6.3B).
Debt to Equity History and Analysis
Debt Level: AFEP's net debt to equity ratio (31.3%) is considered satisfactory.
Reducing Debt: AFEP's debt to equity ratio has reduced from 63.2% to 53.2% over the past 5 years.
Debt Coverage: AFEP's debt is well covered by operating cash flow (37.3%).
Interest Coverage: AFEP's interest payments on its debt are well covered by EBIT (4x coverage).