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 | 2025/03/17 00:35 |
| End of Day Share Price | 2025/03/17 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.
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
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 |