Afrimat Balance Sheet Health
Financial Health criteria checks 3/6
Afrimat has a total shareholder equity of ZAR4.7B and total debt of ZAR2.2B, which brings its debt-to-equity ratio to 47.9%. Its total assets and total liabilities are ZAR9.8B and ZAR5.2B respectively. Afrimat's EBIT is ZAR926.7M making its interest coverage ratio 11.7. It has cash and short-term investments of ZAR523.7M.
Key information
47.9%
Debt to equity ratio
R2.23b
Debt
| Interest coverage ratio | 11.7x |
| Cash | R523.73m |
| Equity | R4.66b |
| Total liabilities | R5.15b |
| Total assets | R9.81b |
Recent financial health updates
Recent updates
Afrimat (JSE:AFT) Has Gifted Shareholders With A Fantastic 119% Total Return On Their Investment
Mar 04
Have Afrimat Limited (JSE:AFT) Insiders Been Selling Their Stock?
Feb 18
Afrimat (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 (ZAR3.0B) do not cover its short term liabilities (ZAR4.3B).
Long Term Liabilities: AFT's short term assets (ZAR3.0B) exceed its long term liabilities (ZAR888.4M).
Debt to Equity History and Analysis
Debt Level: AFT's net debt to equity ratio (36.7%) is considered satisfactory.
Reducing Debt: AFT's debt to equity ratio has increased from 18.9% to 47.9% over the past 5 years.
Debt Coverage: AFT's debt is not well covered by operating cash flow (17.3%).
Interest Coverage: AFT's interest payments on its debt are well covered by EBIT (11.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 08:06 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/08/31 |
| Annual Earnings | 2024/02/29 |
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 |
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| 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
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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
Afrimat Limited is covered by 4 analysts. 2 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 |
|---|---|
| Hugan Chetty | Afrifocus Securities (Pty) Ltd. |
| Rowan Goeller | Chronux Research |
| Rowan Goeller | Macquarie Research |