Accelerate Property Fund Balance Sheet Health
Financial Health criteria checks 0/6
Accelerate Property Fund has a total shareholder equity of ZAR5.3B and total debt of ZAR4.4B, which brings its debt-to-equity ratio to 84.2%. Its total assets and total liabilities are ZAR10.2B and ZAR5.0B respectively. Accelerate Property Fund's EBIT is ZAR417.8M making its interest coverage ratio 1.2. It has cash and short-term investments of ZAR27.8M.
Key information
84.2%
Debt to equity ratio
R4.43b
Debt
Interest coverage ratio | 1.2x |
Cash | R27.85m |
Equity | R5.26b |
Total liabilities | R4.96b |
Total assets | R10.23b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: APF's short term assets (ZAR2.0B) do not cover its short term liabilities (ZAR2.5B).
Long Term Liabilities: APF's short term assets (ZAR2.0B) do not cover its long term liabilities (ZAR2.5B).
Debt to Equity History and Analysis
Debt Level: APF's net debt to equity ratio (83.6%) is considered high.
Reducing Debt: APF's debt to equity ratio has increased from 67.9% to 84.2% over the past 5 years.
Debt Coverage: APF's debt is not well covered by operating cash flow (10.4%).
Interest Coverage: APF's interest payments on its debt are not well covered by EBIT (1.2x coverage).