Accelerate Property Fund Balance Sheet Health
Financial Health criteria checks 0/6
Accelerate Property Fund has a total shareholder equity of ZAR4.7B and total debt of ZAR4.4B, which brings its debt-to-equity ratio to 93.5%. Its total assets and total liabilities are ZAR9.7B and ZAR5.0B respectively. Accelerate Property Fund's EBIT is ZAR413.2M making its interest coverage ratio 0.9. It has cash and short-term investments of ZAR29.7M.
Key information
93.5%
Debt to equity ratio
R4.43b
Debt
| Interest coverage ratio | 0.9x |
| Cash | R29.73m |
| Equity | R4.73b |
| Total liabilities | R5.01b |
| Total assets | R9.75b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: APF's short term assets (ZAR1.1B) do not cover its short term liabilities (ZAR3.9B).
Long Term Liabilities: APF's short term assets (ZAR1.1B) do not cover its long term liabilities (ZAR1.1B).
Debt to Equity History and Analysis
Debt Level: APF's net debt to equity ratio (92.9%) is considered high.
Reducing Debt: APF's debt to equity ratio has increased from 67.4% to 93.5% over the past 5 years.
Debt Coverage: APF's debt is not well covered by operating cash flow (8.7%).
Interest Coverage: APF's interest payments on its debt are not well covered by EBIT (0.9x coverage).