African and Overseas Enterprises Limited

JSE:AOO Stock Report

Market Cap: R143.9m

African and Overseas Enterprises Balance Sheet Health

Financial Health criteria checks 3/6

African and Overseas Enterprises has a total shareholder equity of ZAR443.7M and total debt of ZAR295.2M, which brings its debt-to-equity ratio to 66.5%. Its total assets and total liabilities are ZAR1.1B and ZAR647.0M respectively. African and Overseas Enterprises's EBIT is ZAR113.1M making its interest coverage ratio 8.1. It has cash and short-term investments of ZAR50.5M.

Key information

66.5%

Debt to equity ratio

R295.22m

Debt

Interest coverage ratio8.1x
CashR50.45m
EquityR443.74m
Total liabilitiesR647.00m
Total assetsR1.09b

Recent financial health updates

Recent updates

African and Overseas Enterprises' (JSE:AOO) Performance Is Even Better Than Its Earnings Suggest

Apr 07
African and Overseas Enterprises' (JSE:AOO) Performance Is Even Better Than Its Earnings Suggest

Is African and Overseas Enterprises (JSE:AOO) Using Debt Sensibly?

Apr 05
Is African and Overseas Enterprises (JSE:AOO) Using Debt Sensibly?

Health Check: How Prudently Does African and Overseas Enterprises (JSE:AOO) Use Debt?

Dec 21
Health Check: How Prudently Does African and Overseas Enterprises (JSE:AOO) Use Debt?

Financial Position Analysis

Short Term Liabilities: AOO's short term assets (ZAR244.4M) exceed its short term liabilities (ZAR185.8M).

Long Term Liabilities: AOO's short term assets (ZAR244.4M) do not cover its long term liabilities (ZAR461.2M).


Debt to Equity History and Analysis

Debt Level: AOO's net debt to equity ratio (55.2%) is considered high.

Reducing Debt: AOO's debt to equity ratio has increased from 0% to 66.5% over the past 5 years.

Debt Coverage: AOO's debt is well covered by operating cash flow (40.3%).

Interest Coverage: AOO's interest payments on its debt are well covered by EBIT (8.1x coverage).


Balance Sheet


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