Attacq Balance Sheet Health
Financial Health criteria checks 3/6
Attacq has a total shareholder equity of ZAR15.0B and total debt of ZAR6.0B, which brings its debt-to-equity ratio to 39.7%. Its total assets and total liabilities are ZAR22.1B and ZAR7.1B respectively. Attacq's EBIT is ZAR1.3B making its interest coverage ratio 2.1. It has cash and short-term investments of ZAR676.3M.
Key information
39.7%
Debt to equity ratio
R5.97b
Debt
Interest coverage ratio | 2.1x |
Cash | R676.32m |
Equity | R15.04b |
Total liabilities | R7.07b |
Total assets | R22.11b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ATT's short term assets (ZAR1.2B) exceed its short term liabilities (ZAR689.2M).
Long Term Liabilities: ATT's short term assets (ZAR1.2B) do not cover its long term liabilities (ZAR6.4B).
Debt to Equity History and Analysis
Debt Level: ATT's net debt to equity ratio (35.2%) is considered satisfactory.
Reducing Debt: ATT's debt to equity ratio has reduced from 64.2% to 39.7% over the past 5 years.
Debt Coverage: ATT's debt is not well covered by operating cash flow (11.1%).
Interest Coverage: ATT's interest payments on its debt are not well covered by EBIT (2.1x coverage).