African Rainbow Minerals Balance Sheet Health
Financial Health criteria checks 5/6
African Rainbow Minerals has a total shareholder equity of ZAR60.1B and total debt of ZAR1.9B, which brings its debt-to-equity ratio to 3.2%. Its total assets and total liabilities are ZAR74.3B and ZAR14.2B respectively.
Key information
3.18%
Debt to equity ratio
R1.91b
Debt
| Interest coverage ratio | n/a |
| Cash | R9.09b |
| Equity | R60.12b |
| Total liabilities | R14.20b |
| Total assets | R74.33b |
Recent financial health updates
Is African Rainbow Minerals (JSE:ARI) A Risky Investment?
Dec 02
Is African Rainbow Minerals (JSE:ARI) Using Debt In A Risky Way?
Dec 10Here's Why African Rainbow Minerals (JSE:ARI) Can Manage Its Debt Responsibly
May 11Here's Why African Rainbow Minerals (JSE:ARI) Can Manage Its Debt Responsibly
Sep 05Recent updates
Long Life Ferrous Assets And Copper Expansion Will Reshape This Miner’s Future Profile
Catalysts About African Rainbow Minerals African Rainbow Minerals is a diversified mining group with operations in iron ore, manganese, PGMs, coal and base metals, alongside equity interests in other mining companies. What are the underlying business or industry changes driving this perspective?African Rainbow Minerals Limited's (JSE:ARI) 28% Share Price Surge Not Quite Adding Up
Jan 27
Costly PGM Expansion And Concentrated Assets Will Pressure Margins And Future Stability
Catalysts About African Rainbow Minerals African Rainbow Minerals is a South African diversified miner with operations in iron ore, manganese, coal, PGMs and related base metals, plus equity interests in other mining companies. What are the underlying business or industry changes driving this perspective?Is African Rainbow Minerals (JSE:ARI) A Risky Investment?
Dec 02Subdued Growth No Barrier To African Rainbow Minerals Limited's (JSE:ARI) Price
Nov 06Some May Be Optimistic About African Rainbow Minerals' (JSE:ARI) Earnings
Sep 12Analysts Just Made A Major Revision To Their African Rainbow Minerals Limited (JSE:ARI) Revenue Forecasts
Sep 10African Rainbow Minerals (JSE:ARI) Is Due To Pay A Dividend Of ZAR6.00
Sep 08African Rainbow Minerals Limited's (JSE:ARI) Business Is Yet to Catch Up With Its Share Price
Jul 24Getting In Cheap On African Rainbow Minerals Limited (JSE:ARI) Is Unlikely
Apr 25African Rainbow Minerals (JSE:ARI) Has Announced That Its Dividend Will Be Reduced To ZAR4.50
Mar 20
Cost Reductions And Production Trials May Boost Future Revenues
African Rainbow Minerals seeks to boost revenues by increasing ore production, optimizing mine operations, and enhancing manganese export logistics.Earnings Tell The Story For African Rainbow Minerals Limited (JSE:ARI)
Jan 16Is African Rainbow Minerals (JSE:ARI) Using Debt In A Risky Way?
Dec 10Returns On Capital Signal Tricky Times Ahead For African Rainbow Minerals (JSE:ARI)
Oct 08Some Investors May Be Willing To Look Past African Rainbow Minerals' (JSE:ARI) Soft Earnings
Sep 15African Rainbow Minerals' (JSE:ARI) Dividend Will Be ZAR9.00
Sep 09African Rainbow Minerals Limited's (JSE:ARI) Shares Not Telling The Full Story
Aug 20Returns On Capital Signal Tricky Times Ahead For African Rainbow Minerals (JSE:ARI)
Jun 03Here's Why African Rainbow Minerals (JSE:ARI) Can Manage Its Debt Responsibly
May 11Market Might Still Lack Some Conviction On African Rainbow Minerals Limited (JSE:ARI) Even After 26% Share Price Boost
Apr 19African Rainbow Minerals' (JSE:ARI) Soft Earnings Don't Show The Whole Picture
Mar 16African Rainbow Minerals (JSE:ARI) Is Paying Out Less In Dividends Than Last Year
Mar 15African Rainbow Minerals (JSE:ARI) Might Have The Makings Of A Multi-Bagger
Feb 06African Rainbow Minerals Limited's (JSE:ARI) Low P/E No Reason For Excitement
Dec 29African Rainbow Minerals (JSE:ARI) Is Doing The Right Things To Multiply Its Share Price
Sep 26Here's Why African Rainbow Minerals (JSE:ARI) Can Manage Its Debt Responsibly
Sep 05Financial Position Analysis
Short Term Liabilities: ARI's short term assets (ZAR15.7B) exceed its short term liabilities (ZAR4.5B).
Long Term Liabilities: ARI's short term assets (ZAR15.7B) exceed its long term liabilities (ZAR9.7B).
Debt to Equity History and Analysis
Debt Level: ARI has more cash than its total debt.
Reducing Debt: ARI's debt to equity ratio has reduced from 4.7% to 3.2% over the past 5 years.
Debt Coverage: ARI's debt is well covered by operating cash flow (266.6%).
Interest Coverage: Insufficient data to determine if ARI's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/02/06 20:02 |
| End of Day Share Price | 2026/02/06 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2025/06/30 |
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
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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 Github.
Analyst Sources
African Rainbow Minerals Limited is covered by 14 analysts. 5 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 |
|---|---|
| Ayan Ghosh | Avior Capital Markets |
| Caroline Learmonth | Barclays |
| Patrick Mann | BofA Global Research |