Afrimat Balance Sheet Health
Financial Health criteria checks 6/6
Afrimat has a total shareholder equity of ZAR4.2B and total debt of ZAR520.5M, which brings its debt-to-equity ratio to 12.5%. Its total assets and total liabilities are ZAR6.3B and ZAR2.2B respectively. Afrimat's EBIT is ZAR1.0B making its interest coverage ratio 55.9. It has cash and short-term investments of ZAR432.3M.
Key information
12.5%
Debt to equity ratio
R520.48m
Debt
Interest coverage ratio | 55.9x |
Cash | R432.29m |
Equity | R4.17b |
Total liabilities | R2.16b |
Total assets | R6.33b |
Recent financial health updates
Recent updates
Afrimat (JSE:AFT) Has Gifted Shareholders With A Fantastic 119% Total Return On Their Investment
Mar 04Have Afrimat Limited (JSE:AFT) Insiders Been Selling Their Stock?
Feb 18Afrimat (JSE:AFT) Has A Rock Solid Balance Sheet
Feb 16How Many Afrimat Limited (JSE:AFT) Shares Have Insiders Sold, In The Last Year?
Feb 04Is Afrimat Limited's (JSE:AFT) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?
Jan 25What Type Of Shareholders Own The Most Number of Afrimat Limited (JSE:AFT) Shares?
Jan 14Is Afrimat Limited (JSE:AFT) A Smart Pick For Income Investors?
Jan 04What Can We Make Of Afrimat's (JSE:AFT) CEO Compensation?
Dec 24Can Afrimat (JSE:AFT) Prolong Its Impressive Returns?
Dec 14Here's Why I Think Afrimat (JSE:AFT) Is An Interesting Stock
Dec 02Be Sure To Check Out Afrimat Limited (JSE:AFT) Before It Goes Ex-Dividend
Nov 21Financial Position Analysis
Short Term Liabilities: AFT's short term assets (ZAR1.7B) exceed its short term liabilities (ZAR1.3B).
Long Term Liabilities: AFT's short term assets (ZAR1.7B) exceed its long term liabilities (ZAR872.5M).
Debt to Equity History and Analysis
Debt Level: AFT's net debt to equity ratio (2.1%) is considered satisfactory.
Reducing Debt: AFT's debt to equity ratio has reduced from 47.2% to 12.5% over the past 5 years.
Debt Coverage: AFT's debt is well covered by operating cash flow (150%).
Interest Coverage: AFT's interest payments on its debt are well covered by EBIT (55.9x coverage).