Afine Investments Balance Sheet Health
Financial Health criteria checks 3/6
Afine Investments has a total shareholder equity of ZAR262.6M and total debt of ZAR113.0M, which brings its debt-to-equity ratio to 43%. Its total assets and total liabilities are ZAR376.2M and ZAR113.6M respectively. Afine Investments's EBIT is ZAR40.7M making its interest coverage ratio 3.9. It has cash and short-term investments of ZAR11.6M.
Key information
43.0%
Debt to equity ratio
R112.97m
Debt
| Interest coverage ratio | 3.9x |
| Cash | R11.65m |
| Equity | R262.63m |
| Total liabilities | R113.61m |
| Total assets | R376.24m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ANI's short term assets (ZAR11.8M) do not cover its short term liabilities (ZAR15.8M).
Long Term Liabilities: ANI's short term assets (ZAR11.8M) do not cover its long term liabilities (ZAR97.9M).
Debt to Equity History and Analysis
Debt Level: ANI's net debt to equity ratio (38.6%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if ANI's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: ANI's debt is well covered by operating cash flow (31.5%).
Interest Coverage: ANI's interest payments on its debt are well covered by EBIT (3.9x coverage).