Attacq Balance Sheet Health
Financial Health criteria checks 3/6
Attacq has a total shareholder equity of ZAR15.6B and total debt of ZAR6.1B, which brings its debt-to-equity ratio to 39%. Its total assets and total liabilities are ZAR22.9B and ZAR7.2B respectively. Attacq's EBIT is ZAR1.3B making its interest coverage ratio 2.4. It has cash and short-term investments of ZAR611.7M.
Key information
39.0%
Debt to equity ratio
R6.10b
Debt
| Interest coverage ratio | 2.4x |
| Cash | R611.67m |
| Equity | R15.65b |
| Total liabilities | R7.24b |
| Total assets | R22.89b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ATT's short term assets (ZAR1.2B) exceed its short term liabilities (ZAR700.2M).
Long Term Liabilities: ATT's short term assets (ZAR1.2B) do not cover its long term liabilities (ZAR6.5B).
Debt to Equity History and Analysis
Debt Level: ATT's net debt to equity ratio (35%) is considered satisfactory.
Reducing Debt: ATT's debt to equity ratio has reduced from 69% to 39% over the past 5 years.
Debt Coverage: ATT's debt is not well covered by operating cash flow (13.8%).
Interest Coverage: ATT's interest payments on its debt are not well covered by EBIT (2.4x coverage).